Hua Leiguang Electric Corp. shares listed in Hunan Assets and Equity Exchange, to be open to the public solicitation five investors, a total of 16,302 million shares capital increase, at least 433 million yuan fund-raising. Insiders pointed out that the move to pave the way for the listing of the company.
Semiconductor lighting is the most promising in the 21st century high-tech fields is one of the country to develop high-tech industries, has broad market space and great potential for development. Hunan Province led a major business, Hua Leiguang power LED dedicated to the production of epitaxial wafers, chips, packaged devices, and related applications.
According to Hua Lei stakeholders described the company's technology-based team in Taiwan to study Chinese Academy of semiconductor technology as the support, the LED industry, the construction of the project in two phases, first phase investment of 732 million yuan to purchase 20 sets of equipment and phase epitaxial GaN MOCVD match the chip manufacturing equipment, has become the largest manufacturer of high-end blue chips. LED next 6 years, the industrialization of the company total investment of 7.15 billion yuan, Taiwan, and supporting the purchase MOCVD140 chip production line, built in Changsha, Chenzhou, and two covering semiconductor lighting, the middle and lower reaches of the complete industrial chain of production, R & D base. Hua Lei currently has 10 production MOCVD epitaxy and chip scale package, with an annual highlight GaN-based LED epitaxial, chip capacity of 264 000. According to the announcement, as of September 2010, Hua Leiguang electricity have been produced 140,800 GaN epitaxial wafers, chip 4287KK, operating income of 99.88 million yuan, profit of 5.71 million yuan, is expected by the end of 2010, operating income of 176.69 million yuan, profits 3918 million.
Lei of China's development strategy based on three years to achieve the listing, the listed company is currently restructuring and is expected to complete the IPO in October 2012 IPO. The Lei of China's five investors collected in five file settings: the first tranche of the company, to subscribe for shares of Chunghwa Express Corp 5000; the second tranche of funds, 4000 to subscribe for shares of Chunghwa Express Corp; the third tranche of the company or fund , 3000 Chunghwa Express Corp shares subscribed; the fourth tranche of state-owned investment holding company in Hunan Province, to subscribe for shares of Chunghwa Express Corp 2802; fifth gear for the company, Chunghwa Express Corp 1500 shares subscribed. Subscription reserve price 2.66 yuan / share. The company clearly defines the intention of investors to become shareholders of the Company to the listing of the obligations during the period. Hua Leiguang power required to increase their investment in the shares with the shares of the same price, it is not the highest bid for each file as a subscription price of the shares, the actual subscription price per stall will be the highest bid of five files using the weighted average method finalized.
