Lite-On IT to step into car-use DVD players with Meiloon investment

Jimmy Hsu and Kevin Hsu, Taipei

Jan 23, 2006, 17:45 0

Lite-On IT on January 20 announced it will purchase 73.354 million shares of Meiloon Industrial, a Taiwan maker of speakers used in cars and consumer electronics devices. The move is a strategic investment to help the company's move into car-use DVD players.

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