A few days ago, LED upstream factory New Century Optoelectronics (3383) said it would raise NT$1,064 million in cash in the form of cash capital increase and issuance of convertible corporate bonds, and invest in US$7.5 million in Kunshan to build China's largest LED lighting production base.
The new century plans to temporarily book a cash increase of 20 million shares at 42.2 yuan per share, and will also issue 220 million yuan of convertible bond corporate bonds, and plans to raise 1 billion yuan. Currently, CB has a specific strategic alliance partner subscription.
In the new century, the current LED TV model and LED lighting account for 20% of the revenue in a single month, which will make the new century revenue all the way to the end of the year. It is estimated that the revenue in October will exceed 400 million yuan. 500 million yuan, 2011 full-year revenue will exceed 6 billion yuan.
New Century Optoelectronics (Kunshan), a joint venture between New Century Optoelectronics and Kunshan City, China, has recently started construction of the plant, which will increase its investment by 7.5 million US dollars. It is expected that the first phase of production will reach 50 MOCVD machines, and Q3 will be put into production in 2011. It will become the largest production base of LED chips and lighting products in China.
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Dongguan Andu Electronic Co., Ltd. , https://www.idoconnector.com