Jingdian issued a $280 million overseas corporate bond fundraiser for the purchase of machine equipment

Recently, LED Epistars (2448) board of directors decided to issue a total of no more than 280 million US dollars overseas third unsecured conversion corporate bond ECB, the issue period is 5 years, the issue rate is tentatively set at 0%, the funds are mainly used Reimbursement of US dollar loans and purchase of machine equipment. ]


At the same time, Jingdian also passed the Guanquan (Shandong) Optoelectronics, which will increase its capital with UMC Group with a capital increase of US$19.5 million. The purpose of the capital increase is also to purchase expansion equipment. At present, Guanquan (Shandong) Optoelectronics has 5-6 MOCVD machines. Because the brightness specifications of the products are not high, the main application is backlight supply.


Jingdian believes that the short-term industry boom will still occur in the short-term, but the company is more optimistic about the future development of LED market demand. Therefore, prepare the order in advance.


According to industry estimates, after the capital increase, Guanquan (Shandong) Optoelectronics will increase the paid-in capital to US$48.4 million, and the investment in Jingdian will increase to more than US$26 million, with a shareholding ratio of 55%. After capacity expansion and technology upgrade, Guanquan (Shandong) Optoelectronics will also develop towards LED lighting applications.

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