LED packaging giants billion light expansion capacity will raise 5 billion yuan

According to reports from Taiwanese media, LED packaging factory Yiguang announced on the 25th that it will increase its capital to issue new shares and issue the fourth unsecured convertible corporate bonds. The total amount of funds raised will reach NT$5 billion. Liu Bangyan, general manager of Everlight, said that the fundraising application is mainly used to expand production capacity, including SMD, high-power LED and infrared products. Liu Bangyan further stated that Everlight recently won orders for two NB customers in mainland China. In order to meet the demand of mainland LED NB customers, SMD production capacity will increase to 1.2 billion units per month by the end of 2009. In addition, Yiguang also announced the first half of the 2009 financial report.

In the first half of 2009, the company's consolidated revenue was 4.734 billion yuan, gross profit was 1.606 billion yuan, net profit after tax was 629 million yuan, pre-tax earnings per share was 2.12 yuan, and earnings per share after tax were 1.73 yuan.

Yiguang expects to issue 33,300 new shares in cash, and the price per share is tentatively set at 75 yuan. The total amount of cash increase is 2.499 billion yuan. At the same time, the fourth unsecured convertible corporate bonds will be issued, with a total issued amount of 2.5 billion yuan, each with a denomination of 10,000 yuan and a five-year period.

Because the cost of LED packaging equipment is not as high as 100 million yuan for the extension of the single equipment, this billion yuan raised a total of 5 billion yuan for expansion, Liu Bangyan said that because AUO and Hon Hai and other big companies are spending a lot of money Entering the LED industry, Yiguang will also actively expand production response. In terms of capacity distribution of various products, it is expected that in 2010, Yiguang will have a redistribution plan. Taking SMD LED as an example, Yiguang will actively develop towards mainland customers.