Accumulation and the termination of the partnership, the amount of money back

Recently, accumulation (3527) held a meeting of the shareholders, will end with the mirle relations of cooperation, and disposition of mirle automation (Shanghai) 18% stake. In the future, in addition to continuing to sell its own high-end display PWM IC, will also be returned to the original production and sale of the control panel sales rights. Accumulation said, for the action mirle 18% stake, just get involved in original mirle capital amount, so the amount of $3 million 710 thousand transaction costs is not dispose of interests, and the two sides decided to stop cooperation, mainly because both sides are aware of industry status has changed, not the original cooperation expected therefore, the resolution of termination of cooperation. Mirle had involved in the accumulation of capital, because the mirle intend to develop the LED division, to obtain fast technology, so the introduction of accumulate capital, both sides signed licensing agreements, provided by a build-up display control panel technology, assist mirle production and development, and this mode of cooperation, in addition to mirle can accelerate the development of LED division, the accumulation can also be due to mirle looking for new customers and expand IC shipments. At present, mirle control panel shipments have stronger signs, but there is still the overall operating variables and the degree of difficulty, coupled with the overall environment and as the two sides expected, it is going to break up. Stressed that the next will continue to accumulate, clearing, because the product LED display control board is necessary, so the future will be the accumulation of production and sales, but still does not rule out to find new objects to assist the board of sales. In addition, accumulation in 2010 continued to develop new products, in the year 10 new products come out, will continue toward the LED display, backlight, lighting and other related applications of product development.