Yiguang has launched a convertible corporate bond (CB) fundraising plan of NT$5 billion (the same below, equivalent to approximately RMB 1.013 billion), and will introduce strategic investors Qun Dian. Qun Dian is expected to invest 350 million yuan (equivalent to approximately RMB 70.91 million), accounting for approximately 7% of the entire CB amount; since Qun Dian is also the major shareholder holding more than 5% of New Century's shares, a strategic alliance has been formed.
Yiguang said yesterday that a CB of NT$5 billion has begun. Qun Dian is one of the participating investors. In addition to strategic investors, it is also open to legal person investment and is currently actively working.
Qundian is the second largest shareholder of New Century, with a shareholding ratio of 5.71%. Vice Chairman Lin Maogui came from Lite-On Group and was familiar with the LED industry at that time. It is not surprising that Everlight subscribed to CB through this relationship. In addition, Everlight is also a customer of New Century. In the customer ranking of New Century, it is second only to Korean and Japanese customers and is the largest customer in Taiwan.
After the global independent LED chip factories have been consolidated, the economic scale of the remaining chip factories has become huge. Therefore, they are urgently looking for downstream outlets to export to the sea and reduce chip production capacity. Everlight ranks eighth in the world among global LED packaging factories and is an important outlet for Epistar and New Century. Epistar currently has 500 MOCVD units, while New Century has 72 units. New Century will not introduce new machines this year, but will upgrade the machines from 2-inch wafers to 4-inch wafers.
ANNA