Sunshine lighting and crystal electricity reached a cooperation agreement, and intends to raise 918 million yuan

Yankon (600261) revealed that the plan is not less than 19.24 yuan / share placement price of not more than 48 million shares, raising not more than 918 million yuan, for micro mercury industrialization projects of environmental protection and energy saving lamps and LED lighting products project. Among them, the LED energy saving lighting products project is planned to take up 419 million yuan to raise funds, the controlling shareholder of the company has made it clear that the sun has not participated in the subscription. Xiamen sunshine LED lighting products project total construction period is 36 months, the construction side in the late production, part of the production from January 2013 onwards. After the project will be the formation of an annual output of 20 million LED light source lighting and LED lighting sets of production capacity of up to the year after the end of the year is expected to add sales revenue of $1 billion 700 million, total profit of 250 million yuan ($5 million). The company also announced that a "strategic cooperation agreement" and "procurement of intellectual property rights guarantee agreement with Taiwan EPISTAR". According to the agreement, and to specify the company Yankon crystal electric or its designated procurement LED chip company, under the same conditions or similar conditions in order to EPISTAR primary suppliers; crystal electric commitment: priority Yankon order, strictly abide by the agreed delivery time of the contract, the production must be able to adapt to the development of production company. In the industry of material shortage, the priority should be to ensure that the needs of the company; the highest quality to ensure the supply of EPISTAR products, to ensure the competitiveness of products in use. Yankon believes that this cooperation and give full play to their respective advantages, to achieve the LED lighting industry chain cooperation and complementary advantages between the partners to jointly accelerate the LED lighting, LED lighting market development, improve market share and create favorable conditions.