DigiTimes has reported that the Japan-based Sino-JP has decided not to invest in Optodisc. According to the article, the two companies were unable to settle on the price and volume of new shares and convertible bonds.
Optodisc Technology, a second-tier maker of DVD discs in Taiwan, on April 5 announced that Japan-based Sino-JP Assets Management has decided to cancel its original plan of becoming its largest shareholder because both sides have been unable to settle on the price and volume of new shares and convertible bonds to be issued.
For now, Optodisc plans to seek other target investors. If you'd like to read more, head on over to DigiTimes.