LIAN photoelectric termination of the acquisition of funds to build the Shanghai industrial chain

08 month 25 days, LIAN photoelectric 25 evening announcement, the company will terminate the investment does not exceed 290 million yuan for the Shanghai buyout fund equity investment partnership (limited partnership) (hereinafter referred to as the "Shanghai buyout fund") the corresponding matters will be terminated invested 10 million yuan acquisition of Jiangxi Abt Associates Inc (hereinafter referred to as "Ganshang the United") holding Haitong M & Capital Management (Shanghai) Co. Ltd. (hereinafter referred to as "Haitong acquisition capital") 10% stake. Joint venture for the company indirectly controlling shareholder.

LIAN said the company and Haitong acquisition capital and other investors to actively promote the establishment of fund related work, but given Shanghai buyout fund established a short time window, the company and other investors did not reach an agreement in the investment point, does not affect the Shanghai buyout fund establishment process, the company decided to terminate the implementation of the investment behavior of Shanghai buyout fund share subscription the Shanghai is no longer involved in mergers and acquisitions fund.

In accordance with the agreement, Haitong acquisition capital Shanghai as a mergers and acquisitions fund managers and the general partner (GP), the shareholders must also provide financing for the acquisition of Shanghai fund shares, become a limited partner Shanghai buyout Fund (LP). Due to the termination of the implementation of the termination of the acquisition of LIAN Shanghai M & A fund, which, the company terminated the implementation of the acquisition of 10% stake in the joint venture of Jiangxi Province, Haitong holdings.

LIAN semi annual report also disclosed in the first half, the company achieved operating income of 891 million yuan, an increase of 18.99%; net profit of $60 million 200 thousand, an increase of 34.09%.

The company built a "LED lighting industry chain, industry chain, infrared LED LED back light chain, part of the industry sector operating results have emerged: during the reporting period the backlight revenue to achieve substantial growth year on year; LED lighting applications operating income grew larger scale preliminary results show; infrared LED technology and industry the chain construction step by step, to achieve two or three yuan from the infrared LED epitaxial material and chip to expand, high-power infrared device packaging and application products.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).