BOE announced that it plans to subscribe for A shares issued by Huacan Optoelectronics to specific objects with self-raised funds of no more than 2.1 billion yuan. After the subscription is completed, it will hold 23.08% of the shares. became the company's largest shareholder.
The announcement pointed out that Huacan Optoelectronics was established in November 2005 with a registered capital of 40 million yuan. In June 2012, HC Semitek was listed on the Growth Enterprise Market. The raised funds will be used for Micro LED wafer manufacturing and packaging and testing base projects and to supplement working capital.
BOE said that on the one hand, this transaction can quickly complete the layout of key links of LED chips, form a complete business system complementary to the existing business, and improve the business in all aspects from technology, products, production capacity, market, talents, etc. Competitiveness; on the other hand, can quickly obtain a good platform to boost business development and provide a reliable organizational mechanism guarantee for building business competitive advantages.
In terms of technical products, Huacan Optoelectronics is in the upstream of the industry chain and is the core link of BOE's MLED business that needs to be integrated. In terms of market development, BOE's MLED business is in the middle and lower reaches of the industry chain, and it is the company's development platform in the field of Mini / Micro LED new displays.
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