News Column

Changelight to Raise CNY800mn for LED Chip Project

September 4, 2014

XIAMEN, September 4, SinoCast -- Xiamen Changelight (SZSE: 300102) planned to finance not more than CNY 800 million through non-publically issuing shares to not more than five specific investors.

Wang Weiyong will subscribe for CNY 80 million or a not less than 10% stake. Deducting the issuance cost, the raised capital will be injected into the LED blue-green epitaxial chip industrialization project.

The project, located in Xiamen City and with an investment of CNY 1.3426 billion, has 1,091 sets of main equipment and facilities and is designed to product various modes of GaNLED blue-green epitaxial chips of 5,239 kk a month and 62.868 billion chips a year.

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Source: Sinocast Computers & Electronics Beat (China)

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