Commission File Number 001-31335 | ||
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AU Optronics Corp.
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(Translation of registrant’s name into English)
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No. 1 Li-Hsin Road 2
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Hsinchu Science Park
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Hsinchu, Taiwan
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(Address of principal executive offices)
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Form 20-F X Form 40-F ___
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Yes ..... No ..X...
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1.
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Taiwan Stock Exchange filing entitled, “To announce the disposal of common stock of BriView (L) Corp. on behalf of AU Optronics (L) Corp. (“AULB”), a subsidiary of AUO”, dated December 24, 2010.
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2.
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Taiwan Stock Exchange filing entitled, “To announce the acquisition of common stock of BriView (L) Corp. on behalf of BriView Electronics Corp. (“BVTW”), a subsidiary of AUO”, dated December 24, 2010.
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AU Optronics Corp.
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Date: December 24, 2010
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By:
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/s/ Andy Yang
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Name:
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Andy Yang
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Title:
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Chief Financial Officer
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1.
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Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield): Common stock of BriView (L) Corp.
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2.
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Date of occurrence of the event: 2010/12/24
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3.
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Volume, unit price, and total monetary amount of the transaction:
Volume: 45,171 thousand shares
Unit price: USD 0.96;
Total monetary amount: USD 43,270 thousand
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4.
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Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed): BriView Electronics Corp., a subsidiary of the parent company
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5.
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Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition: To cooperate with the parent company’s restructuring of investment; N/A; N/A; N/A
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6.
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Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person’s relationship to the company at those times: N/A
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7.
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Matters related to the creditor’s rights currently being disposed of (including types of collateral of the disposed creditor’s rights; if the creditor’s rights are creditor’s rights toward a related person, the name of the related person and the book amount of the creditor’s rights toward such related person currently being disposed of must also be
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8.
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Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained): No disposal gain/loss should be recognized for the restructuring of investments between consolidated entities.
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9.
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Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Bullet; N/A; N/A
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10.
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The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: The Board of AU Optronics Corp. resolved to sell common stocks of BeiView (L) Corp. and authorized the chairman to deal with the transaction.
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11.
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Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):
Current cumulative volume: None
Current cumulative amount: None
Shareholding percentage of the holding: None
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12.
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Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder’s equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:
Current ratio of securities investment (including the current trade) to the total assets of AULB: 30.54%
Current ratio of securities investment (including the current trade) to the shareholder’s equity of AULB: 100.17%
Operating capital of AULB: USD - 45,049 thousand
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13.
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Broker and broker’s fee: N/A
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14.
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Concrete purpose or use of the acquisition or disposition: Long-term investment
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15.
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Net worth per share of company underlying securities acquired or disposed of: USD 0.98
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16.
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Do the directors have any objection to the present transaction?: No
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17.
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Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: No
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18.
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Any other matters that need to be specified: The investment is subject to the authority’s approval.
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1.
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Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield): Common stock of BriView (L) Corp.
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2.
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Date of occurrence of the event: 2010/12/24
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3.
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Volume, unit price, and total monetary amount of the transaction:
Volume: 45,171 thousand shares
Unit price: USD 0.96;
Total monetary amount: USD 43,270 thousand
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4.
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Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed): AU Optronics (L) Corp., a subsidiary of the parent company
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5.
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Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition: To cooperate with the parent company’s restructuring of investment; N/A; N/A; N/A
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6.
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6.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person’s relationship to the company at those times: N/A
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7.
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Matters related to the creditor’s rights currently being disposed of (including types of collateral of the disposed creditor’s rights; if the creditor’s rights are creditor’s rights toward a related person, the name of the related person and the book amount of the creditor’s rights toward such related person currently being disposed of must also be
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8.
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Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained): N/A
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9.
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Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Bullet; N/A;N/A
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10.
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The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: The Board of BVTW resolved to invest in BriView (L) Corp. and authorized the chairman to deal with the transaction within a specified amount.
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11.
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Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g. pledges):
Current cumulative volume: 45,171 thousand shares
Current cumulative amount: USD 43,270 thousand
Shareholding percentage of the holding: 100%
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12.
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Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder’s equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:
Current ratio of securities investment (including the current trade) to the total assets of BVTW: 33.60%
Current ratio of securities investment (including the current trade) to the shareholder’s equity of BVTW: 53.38%
Operating capital of BVTW: NTD 2,362,256 thousand
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13.
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Broker and broker’s fee: N/A
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14.
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Concrete purpose or use of the acquisition or disposition:
Long-term investment
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15.
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Net worth per share of company underlying securities acquired or disposed of: USD 0.98
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16.
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Do the directors have any objection to the present transaction?: No
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17.
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Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: No
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18.
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Any other matters that need to be specified: N/A
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