To join in the venture capital Ordnance Group force optoelectronic industry

In the emerging field of optoelectronics industry, China ordnance industry group began to try to open arms to financial investors.

The evening of January 28th, Chinese Innovation Investment Limited (1217.HK) in the Hongkong stock exchange announcement, said seetop (8171.HK) has strategic dual-use optoelectronic industry cooperation concluded a memorandum of understanding, Chinese innovation investment will invest in the Ordnance Group LED project, and extension to provide manufacturing, processing and development of LED optoelectronic products and related to think of dual-use products help to enterprises in seetop photoelectric ordnance provide solutions and strategies for overseas distribution channels.

In 20 days, Chinese innovation investment just with the Ordnance Group photoelectric authority entered into a memorandum of cooperation, innovation and investment granted priority to make investment to the Ordnance Group a number of new photovoltaic projects, including those engaged in LED lighting project in Shanghai early in the morning and solar projects in Yunnan and Tianda.

Handshake venture

China innovation investment was listed in Hongkong in August 2002, the main investment target is through the main investment in Hongkong and China listed and non-listed company, for medium-term capital appreciation. In January 2nd this year, Chinese innovation investment signed an agreement with CITIC Klc Holdings Ltd, founded CITIC - in a strategic investment alliance Steering Committee, joint investment opportunities for demobilized civilian.

At the time, said the venture capital in the hope of minority shareholders and financial investors to participate in the military sector of state-owned enterprises restructuring.

Carter, in venture capital and Ordnance Group hands hold together, which is one of the two military weapons industry group Chinese, is China biggest weapon equipment manufacturing group.

In the relevant provisions of last year to encourage private capital to enter the military enterprises after the introduction of industry, Ordnance Group and its capital is to become parties to the eyes of the "fragrant steamed bun". In January 15th, Ordnance Group announced last year's performance, the annual data show that the main business income of 126 billion 500 million yuan, an increase of 20.8%, profits grew 41.5%, business indicators have reached the highest level in history.

Why choose as a partner in the venture, reporters call the Bureau of ordnance group photo, plans one person said on the matter is not clear at present.

However, according to the reporter to understand the situation, the actual strength of the venture is not good. After the venture capital has been investing in military experience: last November, innovation investment signed a cooperation framework agreement with the Beijing black bee aviation technology company, with a strategic investor in the black bee Hangke, became the first overseas investment company China unmanned military aircraft project. In December last year, China announced that it would invest 38 million 700 thousand HK dollars to invest in the Zhenjiang copper foil Co., Ltd. a 19.5% stake, which is mainly engaged in the manufacture and distribution of dual-use copper foil materials.

The hand of CITIC, CITIC said venture capital and a broad network will expand its investment opportunities in the military industry.

Force photoelectric industry

According to earlier in a memorandum of understanding signed investment and Ordnance Group said it was granted priority to make investment to the photoelectric bureau two investment projects, including those engaged in LED lighting project in Shanghai early in the morning and solar projects in Yunnan and Tianda, respectively, to invest 50 million yuan and 150 million yuan, 200 million yuan.

Energy saving and emission reduction has become one of the global development strategy, is expected to have a greater impact on the relevant industries for a long period of time. As a new light source, the new energy industry, green energy in recent years, countries around the world, especially the developed countries have attached great importance to the development and application of LED and photovoltaic technology, China has been the development of LED and photovoltaic industry put on the important schedule.

It is reported that as early as 2006, Ordnance Group has developed a business strategy, the future will focus on creating heavy equipment and vehicles, petrochemical and chemical industry, special optoelectronic materials and devices, three military and civilian high-tech industry competitiveness.

According to reports, Shanghai morning is mainly engaged in the manufacture of LED chips, LED lights and display products, etc.. In January 2006, Ordnance Group through its Affiliated Companies to Shanghai early in the morning to make investment and changed the existing name. At present, the soldiers are ready to Shanghai morning further investment of about 350 million yuan, while the venture capital in the capital reorganization to its investment of up to $50 million.

January 28th announcement shows that in this project, the venture capital and the re introduction of the idea of the extension, which is engaged in the domestic sales of mobile phones and related parts of the enterprise solutions. Due to the fierce competition in the mobile phone industry in recent years, the concept of innovation has been looking for new profit growth point. It seems that in the opinion of the military and civilian dual-use optoelectronics industry, especially the LED product market can bring huge opportunities for the return of their potential.

At present, the scale of the domestic LED industry is about 15 billion yuan, the China electronic components association is expected, by 2010, the entire Chinese LED industry will be more than the size of 150 billion yuan.

The announcement also said that the venture capital will be considered to extend its existing or future LED projects, and think Billiton will consider changing the name of the company, as well as further consideration to allow the venture capital appointment and nomination of two directors to join the board of directors.

Yunnan and Tianda is China's earliest engaged in solar cells, battery components, photovoltaic power generation system and relevant product research and manufacturing of high-tech enterprises, has assumed the national "85", "95", "fifteen" science and technology project. At present, the controlling shareholder of the company for the new Huaguang (600184.SH), the actual control of man-made ordnance group. Yunnan Tianda,