[High-tech LED News] On October 13, 2011, Dehao Runda received the approval of the China Securities Regulatory Commission on the approval of the non-public offering of shares by Guangdong Dehao Runda Electric Co., Ltd. More than 150 million new shares shall be issued in strict accordance with the application documents submitted to the China Securities Regulatory Commission. The approval shall be valid for 6 months from the date of approval of the issuance (October 8, 2011).
The total amount of funds raised from this non-public offering of shares shall not exceed RMB 350,000. The total investment of the fundraising project is RMB 498,185,870, and the actual raised funds will be allocated to the above two projects at a ratio of 80% and 20%. The part of the actual raised funds that cannot meet the investment needs of the above projects will be solved by the company's own funds.
According to the previously published “Feasibility Report on the Use of Raised Funds by Non-Public Issuance of Stocksâ€, the two fundraising projects are the Wuhu LED epitaxial wafer production project and the supplementary liquidity project. This is the second large-scale expansion of LED production capacity after the company completed the issuance of 1.5 billion yuan in November last year.
Among them, Wuhu LED epitaxial wafer production project is planned to be implemented by Wuhu Dehao Runda Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of the company. The project plans to purchase and install 150 sets of MOCVD and its supporting R&D testing and production equipment, and build a new production, R&D test and supporting workshop of 62,560 square meters for the production of LED epitaxial wafers. After the project is completed and put into production, it will form an annual production capacity of 1.8 million 4-inch LED epitaxial wafers.
Dehao Runda said that by the end of this year, the Wuhu Industrial Base will initially form a complete LED industry chain. At present, six MOCVD equipments have been mass-produced in Wuhu, 12 MOCVD equipments are in trial production, and 36 units are undergoing pre-production commissioning. The $3.5 billion raised will be used to introduce 80 to 100 MOCVD equipment in the next step.
The total amount of funds raised from this non-public offering of shares shall not exceed RMB 350,000. The total investment of the fundraising project is RMB 498,185,870, and the actual raised funds will be allocated to the above two projects at a ratio of 80% and 20%. The part of the actual raised funds that cannot meet the investment needs of the above projects will be solved by the company's own funds.
According to the previously published “Feasibility Report on the Use of Raised Funds by Non-Public Issuance of Stocksâ€, the two fundraising projects are the Wuhu LED epitaxial wafer production project and the supplementary liquidity project. This is the second large-scale expansion of LED production capacity after the company completed the issuance of 1.5 billion yuan in November last year.
Among them, Wuhu LED epitaxial wafer production project is planned to be implemented by Wuhu Dehao Runda Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of the company. The project plans to purchase and install 150 sets of MOCVD and its supporting R&D testing and production equipment, and build a new production, R&D test and supporting workshop of 62,560 square meters for the production of LED epitaxial wafers. After the project is completed and put into production, it will form an annual production capacity of 1.8 million 4-inch LED epitaxial wafers.
Dehao Runda said that by the end of this year, the Wuhu Industrial Base will initially form a complete LED industry chain. At present, six MOCVD equipments have been mass-produced in Wuhu, 12 MOCVD equipments are in trial production, and 36 units are undergoing pre-production commissioning. The $3.5 billion raised will be used to introduce 80 to 100 MOCVD equipment in the next step.
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