The new century and the Bank of Southern China signed a 2 billion yuan loan contract

Recently, the new century with the Bank of Southern China signed a 2 billion yuan loan contract. The loan will be used to repay existing bank borrowings, purchase of plant and machinery and equipment.

At present, the main products for the new century photoelectric high brightness GaN Blue and green LED epitaxial chip and chip, has been ranked the world's largest LED EPI wafer professional supplier with the world's largest manufacturer of green LED, the supply of blue and green has become China, outdoor advertising market share the biggest suppliers, this session of the Beijing Olympic Games and Shanghai World Expo that there are a number of facilities by the new century photoelectric products, the outstanding performance of the syndicated loan case presents over subscription in the bank group enthusiastic support, successfully set up is completed, the loan amount will be used to repay bank loans, the purchase of existing plant and equipment. LED upstream industry estimates 2008, only two of the average annual growth of only two of the 10%, and the new century, due to the full range of optoelectronic strong competitiveness, the results of the two years of 2008, but there are up to more than 2009 of the estimated growth of more than 30%. The loan case is based on Chinese in mainland China, the United States, Japan and South Korea and other important strategic customers in outdoor billboards and LED lighting applications, the new century photoelectric output high quality EPI wafer has a large demand for loans, so the case in order to cope with the shortage in the future two years in production.

Source: LEDinside