Combined with arsenic Lianqun element upstream of the LED factory leading firm capacity

Yuanshen photoelectric (3214) announced the merger Lianqun photoelectric, Yuan arsenic to the existence of the company, after both sides of the board of directors, the exchange ratio of 1 shares issued Lianqun yuan arsenic 1.36 shares, as of August 1st the combined reference book temporarily after the merger, Yuan arsenic capacity will become Taiwan led upstream factory leader yuan, arsenic shareholders' meeting will be held in May 9th, to discuss related issues.

Yuanshen photoelectric business mainly for gallium nitride (GaN) blue, green, red and yellow light (four AlGaInP), UV optitek chip, grain and related application components research and development, manufacturing and sales; Lianqun science and technology business mainly for business jet plane Lei chip, chip, luminous Lei microwave components surface emitting diode, laser diode type grain and components and other electronic components research and development, manufacturing and sales operations.

Element arsenic pointed out, combined with two companies in the resource and LED related products R & D, production technology of photovoltaic industry, is expected to occur in a synergy after the merger, through the industrial integration, reduce manufacturing costs, improve operational performance, can enhance the survival of the company in the photovoltaic industry competitive power.

Arsenic element pointed out that after the merger of chairman and general manager respectively by UMC financial officer Hong Jiacong, former general manager Guo Wen Yuan arsenic as original, arsenic element chairman Zheng Zhaoyuan served as vice chairman of the Committee and the establishment of business integration, coordination and integration for the transition period.

Arsenic Yuan said, after the merger of 2 companies have a total of 36 sets of MOCVD equipment, production capacity will exceed the size of EPISTAR (2448) became the leading upstream Taiwan LED factory, through professional technology, production resources and products of marketing planning and integration, will effectively control the capital expenditure, to stabilize the market price.