Force LED chip nationstar intends 77 million 250 thousand capital increase two subsidiaries

With the LED industry competition and lighting market demand to pick up, nationstar in order to promote the development of LED terminal chip, announced to be its own funds 71 million 250 thousand capital two holding subsidiaries, enhance the profitability of the upstream business.

China Star optoelectronics announcement today, in order to promote the company's business development strategy, to meet the needs of the National Star semiconductor business expansion, the company intends to own funds 60 million yuan to increase the National Star semiconductor. After the completion of the capital of China Star semiconductor registered capital increase from 600 million yuan to 660 million yuan, the company holds nationstar semiconductor contribution of 490 million yuan, accounting for the country star semiconductor capital after the completion of the registered capital of 74.24%. Foshan City Star Semiconductor Technology Co. Ltd. (hereinafter referred to as "nationstar semiconductor") for Foshan nationstar Au Optronics Co (hereinafter referred to as "the company") subsidiary, registered capital of 600 million yuan.

At the same time, the company intends to own funds 17 million 250 thousand yuan for invenlux technology capital, after the completion of the capital invenlux technology registered capital from 120 million yuan to 137 million 250 thousand yuan, the company holds invenlux technology contribution of 92 million 250 thousand yuan, accounting for invenlux technology after the completion of the capital increase the registered capital of 67.21%. Zhejiang invenlux Technology Co. Ltd. (hereinafter referred to as the "invenlux technology") for the Foshan City Star Au Optronics Co (hereinafter referred to as "the company") subsidiary, registered capital of 120 million yuan.

For the capital, nationstar said that through this capital increase, the company intends to promote the development of the upstream chip LED terminal, to further enhance the company's LED in the upstream areas of technical level, adjust and optimize the product structure, strengthen the market competitiveness of the company in the upstream of LED, enhance the upstream business profitability, enhance the overall strength of the company. Conducive to the company "based on packaging, bigger and stronger, taking into account the vertical integration of upstream and downstream development" of the enterprise development strategy.

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