Fine disk private 300 million NT, set foot in the LED industry

In December 31st, Taiwan second disc manufacturer Jingdie Technology (Prodisc Technology) announced that the company plans to share 5 yuan (NT $60 million) stock price of private placement, so as to raise additional amounted to NT $300 million yuan of funds.

Fine dish pointed out that because the company has entered the field of other products in addition to the disc (mainly in the field of LED), so the funds raised will be used to purchase the equipment needed to run the industry. The company is expected to raise additional funds paid in capital increase 8.55%, 1 billion 536 million yuan NT income at the same time, an annual saving of NT $5 million 740 thousand in interest payments.

Fine dish, said the company has begun selling Taiwan Epro trademark LED lamps, while working with international brands and retail channels to discuss OEM production. In addition, the company has reached a cooperation with international brands, and in the first quarter of 2008 began to produce LED module.

Finally, the fine dish pointed out that the current blank CD-R and DVD+R/-R disk revenue accounted for 80-90% of total revenue, and with the company's LED production increase in 2008 the proportion will gradually decline to 50%. (http://www.digitimes.com)

Source: China Semiconductor Lighting Network