Dry according to generous! 5 billion intends to expand production subsidiary /7 /3 billion billion industry fund set

Today (17) morning, changelight announcement, the company will in the original production base LED epitaxial chip, LED epitaxial chip continues to expand the scale of production, the New District intends to invest 5 billion yuan in Jiangxi city of Nanchang province (two input), can be built to produce 1 million 200 thousand tablets (2 inch tablets) blue chip production base scale; an expected investment of 2 billion 500 million yuan, can be built to produce 600 thousand tablets (2 inch tablet) blue chip production base scale.

According to the announcement, after the first phase of the project after two years of construction from the beginning of the third year production, processing LED chip 7 million 200 thousand, annual sales of 1 billion 710 million yuan, total profit of 220 million yuan; financial net present value is positive, the project payback period of 8 years, good economic benefits.

In addition, the actual needs of the company business expansion based on blue and green, the company intends to set up a wholly owned subsidiary of Jiangxi changelight Co. Ltd. in the New District of Jiangxi city in Nanchang Province, with its own funds invested 300 million yuan (tentative name, hereinafter referred to as the "Jiangxi dry light") to promote the implementation of the expansion project. Jiangxi dry according to business scope includes a light emitting diode wafer, chip development, production and sales; optoelectronic devices and other electronic device manufacturing; integrated circuit; semiconductor manufacturing.

Dry according to said, the investment to set up a wholly owned subsidiary is to expand the development of space based, meet the needs of the market, the company intends to promote the expansion of blue and green business, and the establishment of a wholly owned subsidiary, in order to promote the development of the LED industry, so that energy-saving lighting products more by the vast number of consumers to accept. In order to further enhance the company's competitiveness and influence, promote the healthy operation and sustainable development, maximize the interests of shareholders.

On the same day the company announced, in order to better advantage of using capital market to promote the company's strategic layout in the semiconductor field, promote the long-term development of the company, the company intends to invest in the establishment of the fund industry, tentatively named Xiamen changelight semiconductor industry equity investment fund partnership (limited partnership) (eventually to the business sector approved date), the total size of the the fund is not higher than 700 million yuan, focus on investment in the semiconductor field, including but not limited to the microwave devices, RF devices, laser, LED new direction.

LED more information, please click on the LED network or the WeChat public account (cnledw2013).