Xiamen Xinda announced on the evening of the 13th that the company's controlling subsidiary, Fujian Xinda Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Fujian Xinda Optoelectronicsâ€) and Shenzhen Haotian Photoelectric Co., Ltd. (hereinafter referred to as “ç天光电â€), Lu Zhirong On July 13, 2015, the “Equity Acquisition Intention Agreement†was signed, and it is planned to acquire 75% equity of Haotian Optoelectronics. In addition, the company's stock resumed trading on the 14th.
Xiamen Xinda said that after years of development, the price of LED indoor lighting products is now close to traditional light source lamps, and the growing market demand provides a sufficient market for the development of LED white light packaging and lighting applications. The acquisition of Haotian Optoelectronics will quickly fill the company's gap in the field of LED white light packaging, to meet the growing market demand and better maintain the company's competitive advantage.
In order to improve the efficiency and operational efficiency of the raised funds, it is proposed to change part of the funds originally used for self-built LED packaging production lines to acquire the equity of Haotian Optoelectronics, which will speed up the company's research and development, manufacturing and marketing in the field of LED white light packaging. Development, in line with the company's development strategy, is conducive to improving the efficiency of the use of raised funds, enhance market competitiveness, and promote the development of the company's photovoltaic business.
It is understood that Shenzhen Haotian Photoelectric Co., Ltd. was established on January 15, 2009 with a registered capital of RMB 30 million. The business scope includes: general business items: LED lights, LED light sources, LED drivers, LED semiconductor lighting materials technology. Development and sales; import and export of goods and technology. Licensed business projects: LED lights, LED light sources, LED drivers, LED semiconductor lighting materials.
Xiamen Xinda said that after years of development, the price of LED indoor lighting products is now close to traditional light source lamps, and the growing market demand provides a sufficient market for the development of LED white light packaging and lighting applications. The acquisition of Haotian Optoelectronics will quickly fill the company's gap in the field of LED white light packaging, to meet the growing market demand and better maintain the company's competitive advantage.
In order to improve the efficiency and operational efficiency of the raised funds, it is proposed to change part of the funds originally used for self-built LED packaging production lines to acquire the equity of Haotian Optoelectronics, which will speed up the company's research and development, manufacturing and marketing in the field of LED white light packaging. Development, in line with the company's development strategy, is conducive to improving the efficiency of the use of raised funds, enhance market competitiveness, and promote the development of the company's photovoltaic business.
It is understood that Shenzhen Haotian Photoelectric Co., Ltd. was established on January 15, 2009 with a registered capital of RMB 30 million. The business scope includes: general business items: LED lights, LED light sources, LED drivers, LED semiconductor lighting materials technology. Development and sales; import and export of goods and technology. Licensed business projects: LED lights, LED light sources, LED drivers, LED semiconductor lighting materials.
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