According to a news report from DigiTimes, members of the Foxconn Electronics Inc. (‘Foxconn Group') have taken over a 7.32% stake in Epileds Technologies, Inc. (TSEC:4956) (‘Epileds') from Catcher Technology Co., Ltd. (TSEC:2474) and plan to acquire up to 20 million new Epileds shares to become its largest shareholder. According to the report, Epileds will issue up to 20 million new shares at a tentative price of TWD 22 per unit to introduce strategic investors via private placement. DigiTimes speculates that the Foxconn Group members that have become Epileds shareholders are possibly Advanced Optoelectronic Technology, Inc. (TSEC:3437) and Innolux Corporation (TSEC:3481).