Accumulation intends to do 2 million 500 thousand private placement, the introduction of LED strategic partner

March 18th, LED driver manufacturers accumulate (3527) held a board of directors, announced that it will handle the private placement and the issuance of NT $6 in cash dividend policy. Accumulation said that the issue of 2500 private placement, the price temporarily set at $72, the main introduction of LED related strategic partners.

Accumulated in the LED drive market for a long time, starting from the LED billboard market, the first landing on the mainland listed shares. Recently, the accumulation is going to cross the LED lighting market, recently announced the launch of LED can be used for decorative lighting, street lighting, automotive lighting and other new products. The resolution of the board of directors of the dividend policy to be allotted 6 yuan per share cash dividend of about $183 million dividend, estimated in 2008 after tax profit of about $250 million per share after tax earnings of $8.65. Among them, the fourth quarter after tax surplus of about $43 million 180 thousand, a quarterly reduction of about $51.7% per share after tax earnings of $1.46. The shareholders' meeting scheduled for June 3rd held, in addition to the election of directors and supervisors will also discuss the case of private affairs.

The accumulation is mainly pointed out that the planning for private business size, the introduction of strategic partners, but there are objects in the negotiations have not yet been finalized. Accumulation before listing to expand the backlight business mobile phone LED has introduced Warburg shares, currently holding approximately 2.45%, the other major shareholders include Fuxin investment company background has Acer, AUO, Wan Hai Chen investment enterprise Jiaqi Zhongxin, Hongxin 2 venture capital.