Walsin Lihwa subsidiary HannStar Display was strategic investor in Danen Technology before its successful $350m flotation.

Danen Technology, a Taiwan-based maker of solar power components backed by strategic investor Walsin Lihwa, has floated in Taiwan at a value of $350m.

HannStar Display, a listed subsidiary of Walsin, had reinvested $3.9m in Danen in October as part of a $19.1m fundraising and held a 7% stake, according to local news provider CENS.

The October investment had also seen Giza Venture Capital, an Israel-based firm, invest in Danen’s first institutional round since launch in 2007 with $39m of…