Aoyang Shunchang Phase I LED project needs to invest another 600 million yuan

On June 4, 2013, Jiangsu Aoyang Shunchang Co., Ltd. (hereinafter referred to as “the company”) disclosed the announcements on non-public offering of shares such as the “2013 Non-public Issuance of Stocks”, among which LED epitaxial wafers and chip industrialization The project (Phase I) plans to raise funds of 400 million yuan.

On July 2, 2013, the company's second extraordinary shareholders meeting in 2013 reviewed and approved the company's non-public offering of shares. Some questions about the LED epitaxial wafer and chip industrialization project (Phase I) are supplemented by the following questions:

In March 2011, the company's first extraordinary shareholders meeting in 2011 reviewed and approved the “LED epitaxial wafer and chip industrialization project”. The project plans to invest 30 MOCVD epitaxial furnaces to develop and manufacture LED epitaxial wafers and chips. After the company's argumentation, the final project was implemented in Huai'an City, Jiangsu Province, and Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd., which was wholly-owned by the company, was awarded the state-owned land transfer contract in 2012, and the project was officially started in July of the same year. Construction.

After one year of official construction, the civil construction has been completed, and 5 MOCVD equipments have been purchased. Two MOCVD equipments have been mass-produced. The company's epitaxial wafers and chip production lines are all in line, and the performance and quality of the products meet the design requirements. The other three MOCVD equipments are still in the installation and commissioning phase and are expected to be put into production in July 2013. Up to now, the entire project has invested about 200 million yuan and achieved product sales in the second quarter of 2013.

For the LED project, according to the new market environment, project construction progress and the actual situation of the company, the company promptly and actively adjusts the schedule of the LED project; the company's preliminary preparation has been relatively complete, and the technology, team and management are relatively mature, so The company decided to speed up the implementation of the project, and plans to use part of the private placement to raise some funds to invest in the project.

Aoyang Shunchang compiled this non-public offering plan. The fundraising project “LED epitaxial wafer and chip industrialization project (Phase I)” is based on the above-mentioned projects, according to changes in market environment and statistical caliber. The changes have been made to the project and replaced the original project, and at the same time, the part of the original project has been built. The LED epitaxial wafer and its chip project (Phase I) will be built for 30 months from July 2012 to December 2014.

At present, the LED epitaxial wafer and chip industrialization project (Phase I) has invested about 200 million yuan. To complete the LED epitaxial wafer and its chip project (Phase I), it still needs to continue investing about 600 million yuan, of which 400 million yuan will be passed. Non-public offering of stocks raises funds. Investing in LED projects with funds raised will help speed up investment progress, rapidly expand production capacity, achieve economies of scale, and avoid excessive asset-liability ratios.

Aluminum circuit boards is a metal-based copper clad plate with good heat dissipation function. Generally, the single layer is composed of three-layer structure, which is a circuit layer (copper foil), an insulating layer and a metal base layer. Also used for high tech use is designed as double layers, the structure is circuit layer, insulation layer, aluminum base, insulation layer, circuit layer. A very small number of applications are multi-layer boards, which can be made of ordinary multi-layer boards combined with an insulating layer and an aluminum base.

MC PCB

Mc Pcb Led,Mc Pcb Board,Mc Pcb Led Board,Mc Pcb Led Board Price

Chuangying Electronics Co.,Ltd , https://www.cwpcb.com