AUO (TPE:2409) has amended the transaction structure for the planned sale of its energy business announced in April, citing the implementation timeline of the deal and the operational plan of its energy business unit, AEUS.
AUO's original plan was to sell its and its units' stakes in six energy-related companies - Star Shining Enetek, AUO Power, Feng Yao Power, Zheng Yao Power, Zhao Feng Energy and AEUS - to Star Shining Energy.
Under the revised plan, AUO Singapore will no longer sell AEUS to Star Shining Energy, according to a Thursday Taiwan Exchange filing.
The closing date for the sale of Zhao Feng Energy will be determined by the chairman, while the closing of the remaining energy businesses, except Star Shining Enetek, is now expected on Oct. 1.
AUO also revised the minimum consideration for the remaining businesses, excluding Star Shining Enetek and AEUS, to at least NT$20 million.
The company said the changes are not expected to have any impact on its financial position or business operations.