America, Zhaoyuan langene combined to create Taiwan LED sapphire substrate factory

America Crystal's China and the United States yesterday (25) day and langene gecom group and electric joint venture set up in Zhaoyuan jointly announced that the two companies through the stock merger, in Zhaoyuan for the existence of the company, calculate the transaction size of about 2 billion 470 million yuan. New trillion far will be the largest LED sapphire substrate factory, the world's leading forward.

This is the global LED industry for the first time with the semiconductor, solar, LED three in the "big coffee factory" forces, merger, China Crystal chairman Lu Mingguang and general manager Xu Xiulan believe that this will promote LED in Taiwan materials industry officially entered the "Major League".

Interpretation of the industry, UMC, China crystal, crystal electric three "hand in hand", through gecom group funds, cross-strait market advantage, plus China, Zhaoyuan langene technology originality, and the crystal electric LED epitaxial leading to the sea niche, will lay the "difficult to shake the new Zhaoyuan" in the field of global LED material status.

The merger will take the Sino US a renewal of Zhaoyuan langene 1.8967 shares, convertible to us than at the end of last year, langene Zhaoyuan the net value per share based on 38.01 or 17.77 yuan calculation, provisional December 31st this year with the benchmark date.

New trillion far will issue 76 million shares of new shares to trillion yuan yesterday's closing price of $32.5, the market value of about 2 billion 470 million yuan.

China and the United States will achieve a new trillion yuan 43% stake, becoming the largest shareholder of the company's largest trillion yuan; crystal electricity, the group's joint venture capital of Hong Cheng holds a total of 4.86%, 2.33% stake in the top second, the largest shareholder. After the merger trillion yuan capital increased from 920 million yuan to 1 billion 680 million yuan.

The crystal vice chairman Yao Dangliang said that the current Sino US langene plane, patterned sapphire substrate (PPS) per month was 132 thousand, 92 thousand, and has a long crystal technology; Zhaoyuan planar sapphire substrate, the monthly capacity of each of 510 thousand, 100 thousand.

The two companies will expand production, at the end of this year, the total capacity of planar patterned sapphire substrate was 800 thousand, 510 thousand, in Taiwan the sapphire substrate factory, two business Dynasties will be moving in the monthly production capacity of one million target to become the world's leading forward.

Zhaoyuan general manager Peng Zhiqiang said, trillion sapphire substrate has a certain scale, and has production facilities in mainland China, has a long crystal Aquamarine substrate and technology advantages, both with both vertical and horizontal integration of niche, will be able to expand the "new" Zhaoyuan economic scale, reduce procurement and production cost.

The agreement between the two parties, the "new" Zhaoyuan chairman Yao Dangliang will be appointed by Yuan Zhaoyuan, general manager of the team elected, will achieve the "new Sino US crystal Zhaoyuan" the majority of the board seats, and recognized revenues related to profit and loss in earnings. China and the United States is expected in the future, the proportion of the group's LED related revenue will be increased from the current single digit percentage of about 20%.

Lu Mingguang and Hong Jiacong hit it off

Aquamarine and Zhaoyuan Sino US merger decision, "the king" reputation of the Sino US merger crystal chairman Lu Mingguang, as well as the UMC and Zhaoyuan chairman Hong Jiacong played a key role, the two spent less than two months time to talk, "the amazing efficiency fast and hard hitting", teamed up to open and create a new pattern of Taiwan LED industry.

The industry believes that China and Zhaoyuan langene merger, gecom group, China crystal, crystal power, Zhaoyuan team is the winner, is a "four win", to the satisfaction of all decisions.

The "new" Zhaoyuan have stronger shareholder structure, leading the development of LED towards the global sapphire substrate, has become crystal electric snatch LED application opportunities, the material source of the most solid guarantee.

In terms of antithetical couplet group, LED was originally established strategy, the merger of Hong Jiacong personally, it is not difficult to see that gecom group active in the LED layout determined by many friends and allies to increase, the future group layout are positive power.

For China and the United States crystal group, not only through the merger to expand the scale of the cause of the LED, with the Allies after the acquisition of the alliance, but also help to develop the cause of Sino US crystal semiconductor.

It is understood that, in order to the merger, Lu Mingguang and Hong Jiacong discuss is "Reunion", only spend less than two months to negotiate, become the more than and 10 merger of Lu Mingguang launched the occupation career, on behalf of the smooth process.

This is Lu Mingguang led the United States and China in August last year spent nearly 10 billion yuan, after the acquisition of the Japanese semiconductor company CV department, just 10 months, another shot.