Hua can: LED project to be stationed in Yiwu Industrial Park is expected to total investment of 6 billion

HC semitek (300323) January 3rd evening announcement, the company and the Zhejiang Yiwu Industrial Park Management Committee through friendly consultations, the company in the Yiwu Industrial Park, construction of LED epitaxy, chip and industrial chain extension project recently signed investment agreement, is expected to total investment of about 6 billion yuan, with an area of about 350 acres, plans 5 in the years of production made after the construction permit. Company shares on January 4, 2016 (Monday) opening date for resumption of trading.

According to the cooperation agreement, both sides agreed to jointly set up relevant LED industry mergers and acquisitions fund for HC semitek on LED industrial chain integration; Yiwu Industrial Park Administrative Committee agreed to research and industrial development to HC semitek project R & D projects not more than 400 million yuan of subsidies for 8 years, 1 billion 200 million yuan loan discount, equivalent to the project 5 years equipment investment of 20% of the equipment investment subsidy funds to support the development of the industry.

HC semitek said LED epitaxy, chip and industrial chain extension project mainly focuses on the construction of the industrial base of LED international, through the implementation of the project driven LED industry chain and supporting enterprises, is conducive to further expand the company's scale and cost advantages, enhance the company's core competitiveness and industry influence.

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