Recently, the board of directors of Guoxing Optoelectronics decided that the company plans to jointly invest RMB 600 million in the establishment of Foshan Guoxing Semiconductor Technology Co., Ltd. with Guangzhou Chengxin Venture Capital Co., Ltd., Guangfa Shunde Investment Management Co., Ltd. and natural person Deng Jinming to develop LED epitaxial chips. And manufacturing.
Among them, Guoxing Optoelectronics invested over 400 million yuan, 66.67%; Chengxin Venture Capital invested 100 million yuan, 16.67%; Guangfa Shunde invested 60 million yuan, 10%; natural person Deng Jinming invested 40 million yuan, the equity ratio is 6.66%.
According to Guoxing Optoelectronics, the LED lighting market of Guoxing Optoelectronics has been moving, and LED application products will also achieve rapid growth. With the continuous improvement of production capacity, Guoxing Optical Inductor has been tightly supplied by LED chips. Foshan Guoxing Semiconductor Co., Ltd., which will be established this time, is the exploration of the development and manufacturing of upstream LED epitaxial chips by Guoxing.
At the same time, Guoxing Optoelectronics also said that it will set up a wholly-owned subsidiary Foshan Guoxing Electronic Manufacturing Co., Ltd. with its own funds of 10 million yuan to improve the overall manufacturing quality of the products.
On July 5, 2010, Guoxing Optoelectronics publicly issued 55 million shares of common stock, raising a total of NT$1.54 billion, and raising net proceeds of 1.48 billion yuan. On August 10, the company raised over 107 million yuan of super-raised funds to repay bank loans, and used over-raised funds of 17.17 million yuan to purchase a land use right. On September 7, it used super-raised funds of 225 million yuan to implement new TOPLED manufacturing technology and industrialization projects. The use of over-raised funds of RMB 132 million was used for new plant and power construction projects. So far, the company has not raised funds of 498 million yuan. The proposed establishment of Foshan Guoxing Semiconductor Co., Ltd. is the third time that Guoxing Optoelectronics has used super-raised funds.
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