Elec-Tech set by the pull to Wu Changjiang 4 billion 300 million fund-raising gamble LED

Before 2012 three quarter, Elec-Tech 80 sets of MOCVD equipment, only 38 units in the production state. The Ritz Carlton Shenzhen, January 10th. Elec-Tech executives and partners are standing in the new release of taiwan. At this time, Wang Donglei saw standing on the edge of the Wu Changjiang, hastened to call him to his side, with his hands on the energy ball, announced the ceremony began. This means that the LED industry's two most prestigious gamblers walk together. Prior to this, BDO Runda chairman Wang Donglei and NVC founder Wu Changjiang or competitors. For the introduction of NVC, Wang Donglei launched the third set by. Since 2010, the three fixed gain, billions of funds, the whole industry chain layout LED. But in the eyes of the industry's "gamble" has no effect, so far, the LED project does not bring profit for Elec-Tech up to 740 million, relying on government subsidies and strong support. The marriage prospects of NVC questioned in December 27th last year, the announcement said, intends through its wholly owned subsidiary to total 1 billion 340 million won a total of 20.05% NVC shares, becoming the largest shareholder, Wu Changjiang will be increased by becoming the second largest shareholder of the two companies, cross exchange, achieve marriage. At the same time, the release set by the plan, intends to issue 230 million shares, the controlling shareholder of Wuhu Elec-Tech to subscribe for 100 million shares, Wu Changjiang subscribe for 130 million shares, to raise funds for a total of 1 billion 348 million yuan. A number of LED industry analysts told reporters that the financial weekly, an important reason is the value of the acquisition of NVC Elec-Tech channels and brand, to open up the downstream distribution channels. "Over the past three years, countless people have asked me to say that I gamble LED, indeed. Several cities in China to acquire chip companies, the establishment of a huge LED industry chain." The new conference, chairman Wang Donglei believes that the success of LED Elec-Tech gamble. Since May last year, NVC "infighting event" surfaced, the management of internal governance still has not been significantly changed, NVC founder Wu Changjiang is still on the board outside. Elec-Tech secretaries Dunfee said, Elec-Tech support Wu Changjiang return to NVC board of directors and management, Wu Changjiang is likely to participate in the management of even entering Elec-Tech, the board of directors of the company. Wu Changjiang Wang Donglei "personality and gambling are similar, this is one reason why they appreciate each other. The first problem but Elec-Tech to NVC's Board met is how to obtain the trust of other shareholders, to coordinate the contradiction between them is to be successful." A LED industry analyst told reporters. In December 31, 2012 Wu Changjiang micro-blog said, "see the morning Yan, we had a good talk; strategic cooperation of BDO affirmed." "The downstream channel also need to observe the degree of recognition for Elec-Tech lighting products, and is expected to mass market Elec-Tech chip, NVC digestion level is not big enough." Analysts believe that the above. Three set by lap 4 billion 300 million, operating rate of 50% Wu Changjiang joined the embarrassing situation of layout LED industry also can not conceal Elec-Tech plan more than three years of big empty ". LED industry investment cycle is long, and a huge investment in the upper reaches of the upper reaches of higher technical barriers. As a latecomer, the total fund-raising plan since 2009 Elec-Tech has directed through the issuance of short-term financing bonds, corporate bonds and other channels to launch at least 7 billion. As part of the plan has not been approved by the Commission and fund-raising shrink, the actual fund-raising about 3 billion. Although Elec-Tech has achieved epitaxial wafer chip package to layout application LED whole industry chain, but are not profitable. Before the 2012 three quarter, Elec-Tech net profit of 115 million, down 57.41%. The middle of last year, the main source of small home appliances business is still mainly exported to Europe and the United States to Elec-Tech income, revenue accounting for up to 67.7%, while the focus of investment LED business accounted for only 32%. In October 2010, Elec-Tech completed the first set by raising 1 billion 506 million investment, "LED lighting project" and "LED packaging project" and "LED chip project" three project. But before this, Elec-Tech has used self financing investment 240 million. "Wang Dong (micro-blog) Lei before raising funds, began to use its own funds into the LED project, on the one hand is he expected development speed of the industry, also is one of his character's personality of gambling." An industry analysis. In August 2011, China issued a second notice given by the fund-raising 3 billion 500 million. Wang Donglei said to the media that this is the largest domestic LED financing." However, the private placement is not smooth, the actual raised only 1 billion 522 million, and the plan far. With the scheduled increase to raise 1 billion 348 million, three annual ring will Elec-Tech 4 billion 300 million. But Wang Donglei's gambler's huge investment, did not get what is expected to be a huge return." As of November 30, 2012, the first time in 2010 will increase investment in LED package project is not put into 93 million 867 thousand and 200, from the expected completion date of December 2011 has been in the past a year. The 2012 increase in investment raised LED epitaxial film project plans to purchase 150 MOCVD equipment, currently only completed the purchase of 68 plans. The 2012 three quarterly show, the 80 sets of MOCVD equipment, only 38 units in the production state, another 5 for R & D, the operating rate is only slightly higher than the 50%. January 10th new conference, Wang Donglei said: the current 80