Honglitronic intends to raise more than 700 million overweight LED industry

Honglitronic August 4th evening announcement, intends to non-public offering is not more than 30 million shares, the total funds raised not more than 725 million 490 thousand yuan, for the SMD LED project, the acquisition of 49% equity capital and Liangyou hardware project and add liquidity.

Data show that the photoelectric main LED packaging and application of white LED package hung lee, is a domestic leading enterprises, mainly engaged in research and development, production and sales of LED devices and its application products, products are widely used in general lighting, backlighting, automotive lighting, special lighting, signal / special fields of lighting, display etc.. The successful implementation of the equity investment projects will help the company to further expand the scale of LED packaging business, improve the industrial chain, enhance the profitability of the company.

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