Department: LED Lite future main components, vehicle and AR/VR high order products

On the temporary board through the camera module division transferred to mainland luxshare Group founder Wang family Li Jing Innovation Co. Ltd., Lite department executive Chen Guangzhong said, due to fierce competition in the camera module, to measure the development of the enterprise, mobile phone, PC and the resolution of flat plate related camera module division for sale, future of Lite on camera lens products will be in the car with a camera module, AR, VR and other high order products, the group will have a positive impact on.

Lite, camera module business was established in 15, the products are mainly used in mobile phone, tablet and laptop computer, customers throughout Europe, America and Asia, as the main provider of global mobile device brands, but in recent years, the mainland, qiutai sunny optics module factory rise, coupled with the mainland intelligent mobile phone brand in the global factory occupy a space for one person gradually, so that the camera module of fierce competition, the development of enterprises needs to consider on, plus the camera module group loss for many years, so although the camera module factory in view of the global market, the rapid growth of mobile devices demand rise, still decided to put the division sold to Lijing innovation company, provide resources for the further development of the cause of the camera module.

Lite, yesterday (28) held on the temporary board of directors, through the transfer of the business will be transferred to the camera module division Li Jing innovation company limited. Business to business and assets of the camera module division, including inventory, equipment, employees, technology and intellectual property, customer supplier relationship and product warranty responsibility. The transaction price is tentatively scheduled for $360 million in cash (about 2 billion 280 million yuan), made the innovation of stock equity plus 10% opposite view on the right, the transaction is expected to complete the second quarter of 2018.

Lite division stressed that the group continued to focus on new business development in cloud computing, LED component and outdoor / automotive lighting, automotive electronics, medical wisdom and industry automation transformation; and strengthen the core technology and business competitiveness, the development of operation and profit mode more efficient, and thus enhance the long-term interests of shareholders, customers and employees.

In addition, Lite branch also said that the judgment of the major trading company of the company's financial business had no effect, the actual completion of the transaction, will be in accordance with the relevant laws and regulations announcement.

Source: Information Times

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