Wellypower Optronics LED company raised 5 million increase in production lines

CCFL manufacturer Wellypower Optronics plans to raise 500 new shares to increase through 7 CCFL production lines in Taiwan and Suzhou reached the factory 23 production lines and improve the development and equipment of LED. But the company did not provide further details. The price of the new shares has not yet been completed, but will be sold through an open application or a registration process.

In response to the various news that AU Optronics will buy Mitsubishi Corporation (MC) Trading China Electric company holds shares in the company, AUO said, there is no China and Electric was about to negotiate is just media speculation and rumors. Through the acquisition of shares in China Electric, Wellypower will become the largest shareholder, AUO can expand its impact on the current largest CCFL supplier in Taiwan.

The company has confirmed a May 4th in a company CCFL productivity will be expanded to 20 million units reported at the end of 2006, Wellypower expects its world market share from the current fourth to three.