Guoxing Optoelectronics (002449) announced on the evening of June 4 that the company intends to pay 16.5 million yuan to acquire the equity of Zhejiang Yaweilang Technology Co., Ltd. ("Yaweilang") held by Zhongda United Holding Group Co., Ltd. Lang is currently 25% of the registered capital; meanwhile, it plans to increase the capital of Aweilang by 60 million yuan. After the transaction is completed, the company holds 62.5% of the registered capital after the completion of the capital increase.
Yaweilang is mainly engaged in the research and development and manufacture of LED epitaxial wafers and chips, semiconductor lighting equipment and photoelectric modules; LED display system engineering, urban lighting lighting engineering construction; lighting equipment design. In 2014 and the first quarter of 2015, the company realized operating income of RMB 179.275 million and RMB 3.4 million, respectively, with losses of RMB 13.8022 million and RMB 5.54 million.
Guoxing Optoelectronics said that with this investment, the company hopes to further enhance the company's technology level in the LED upstream, adjust and optimize the product structure, and continuously strengthen the company's market competitiveness in the upstream of LED.
Yaweilang is mainly engaged in the research and development and manufacture of LED epitaxial wafers and chips, semiconductor lighting equipment and photoelectric modules; LED display system engineering, urban lighting lighting engineering construction; lighting equipment design. In 2014 and the first quarter of 2015, the company realized operating income of RMB 179.275 million and RMB 3.4 million, respectively, with losses of RMB 13.8022 million and RMB 5.54 million.
Guoxing Optoelectronics said that with this investment, the company hopes to further enhance the company's technology level in the LED upstream, adjust and optimize the product structure, and continuously strengthen the company's market competitiveness in the upstream of LED.
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