To promote the LED capacity of self digestion fund-raising 4 billion 500 million Elec-Tech

The June 15th announcement that the company intends to non-public offering is not more than 378 million shares, the total funds raised not more than 4 billion 500 million yuan, the issue price of not less than 11.89 yuan / share, after deducting the cost of issue 2 billion yuan will be used for LED flip chip project, 1 billion 500 million yuan for the LED chip package project, the remaining 1 billion yuan to supplement liquidity. Company shares resume trading today. Reporter noted that before the non-public offering, the actual control of Wang Donglei through the Wuhu BDO BDO investment and concerted action Wang Sheng together hold 350 million shares, the shareholding ratio of 25.05%, after the issue of share will drop to 19.71%, is still in a relatively holding position, control of the company will not change.

Announcement shows that the company LED flip chip after the completion of the project will form an annual output of 5 billion flip chip production capacity, the completion of the project is put into production, the annual sales income of 1 billion 955 million yuan, total profit of 423 million yuan; financial internal rate of return of 14.80%.

Can meet the packaging requirements of a company with an annual output of 4 billion 250 million LED postpartum flip chip chip scale package project, the completion of the project is put into production, the annual sales income of 2 billion 970 million yuan, total profit of 268 million yuan; financial internal rate of return of 15.2%.

As of March 31, 2015, the total Elec-Tech liabilities of about 7 billion 200 million yuan, asset liability ratio as high as 55.03%, compared with 2014, small appliances listed companies and LED companies, the company's assets and liabilities rate was significantly higher. From 2012 to 2014, the company's financial expenses were 85 million 620 thousand yuan, $222 million, $268 million, accounting for relatively high financial costs, erosion of the company's profitability. Supplement 1 billion yuan of liquidity can save financial costs of $59 million 500 thousand.

The company said the equity investment of the project Department of the company's LED industry chain upstream wafer, chip links and middle package link, raise investment project is completed, the company will make full use of the advantages of the industrial chain, giving priority to meet their production and operation plan, promote the capacity of self digestion.

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