Carux, a subsidiary of Innolux that specializes in automotive applications, will be listed in the United States

Panel manufacturer Innolux announced on the 13th that its board of directors approved its smart cockpit visual solutions subsidiary CarUX Holding Limited to plan to apply for an initial public offering and listing of its shares on the Nasdaq Stock Exchange or the New York Stock Exchange.

CarUX will handle a cash capital increase in conjunction with the IPO. It is expected that the number of new shares issued will not be less than 10% of CarUX's total share capital after this issuance. As a result, Innolux's shareholding ratio in CarUX will be reduced by more than 8.59%, and the shareholding ratio is expected to be reduced to at least 77.32%.

Innolux stated that after CarUX applies for listing in overseas securities markets, the group's smart cockpit visual solutions will continue to be independently operated by CarUX. The company will continue to hold a majority stake in CarUX through its wholly-owned Innolux HongKong Holding Limited, which will not affect the actual control of CarUX.

Innolux further pointed out that CarUX's application for listing on overseas securities markets will be able to raise and enrich the funds required for operations, strengthen its financial structure and financing capabilities, attract outstanding talents, promote more competitive products, help the group's revenue and performance, and improve shareholder rights.

Innolux emphasized that it is not engaged in the same smart cockpit visual solution business as CarUX. The funds raised by CarUX will be used to invest in research and development technology, which will help CarUX enhance product value and business expansion, and will not have any adverse negative impact on the company's business. Or search WeChat public account