14 Expansion Plans in China’s LED Industry 1H17 Part II

Following the first half of the list (see part I), eight more companies reported their new investments in 1H17.

 (Image: San'an Optoelectronics)

San’an Opto Sets up 3 Wholly-owned Subsidiaries, with An Investment Over RMB 200 Million

On May 22, San'an Optoelectronics Co., Ltd announced its wholly owned daughter company, Sanan Optoelectronics Hong Kong Company Limited would set up a subsidiary in the USA with its own funding of USD 10 million. This US-based firm would mostly focus on research, development, manufacture, and distribution of visible light communication (VLC) technology.

Meanwhile, another subsidiary Xiamen Sanan Integrated Circuit Co., Ltd. would also spend USD 20 million setting up a wholly owned subsidiary in Hong Kong. This new firm in Hong Kong would center on filter development & research, manufacture and distribution. After the Hong Kong firm is established, it will soon set up another subsidiary with a funding of JYP 90 million and this company will focus on the R&D of compound semiconductors.  

In addition, Xiamen Sanan Optoelectronics Technology Co., Ltd planned to spend RMB 10 million to set up another branch in Xiamen. The new Xiamen firm will focus on the R&D, manufacture, and distribution of specialty gases.

 (Image: Absen)

Shenzhen Absen Spent Extra RMB 200 Mil. for Its Subsidiary

On May 23, Shenzhen Absen announced, in order to improve the finance of its wholly own subsidiary Absen's Huizhou plant, to optimize its structure of assets & liabilities, and to facilitate healthy, sustainable operation and development, Shenzhen Absen spent an extra RMB 200 million on Absen's Huizhou plant.

After that, the registered capital of Absen's Huizhou plant would rise from RMB 30 million to RMB 230 million.

 (Image: Forest Lighting)

Forest Lighting Poured A good USD 4.9 Mil. Investment Into A New JV to Expand Share in America 

On March 21, Forest Lighting announced that it would, together with SPV, to establish a joint venture called Global Value Lighting LLC and it would submit an investment of USD 4.9 million.

Forest Lighting would have 49% of the shares while SPV would acquire the other proportion of 51%.

Besides, in this transaction, Forest Lighting would receive one share of preferred stock of SPV.

The future target markets of the new firm are North and South America. It would advertise, sell, and distribute LED luminaries of its own brand, and provide services to retail stores and commercial customers.

 (Image: Unilumin)

Unilumin Invested USD 1.7 million in Two Subsidiaries

On March 15, Unilumin announced, in hope for further expansion to international markets, and to improve the firm's post-sales services in those markets, the company planned to use its own capital USD 900 thousand to increase the capital of its wholly owned subsidiary Unilumin LED Technology FL LLC in Florida and another USD 800 thousand to increase the capital of Unilumin LED Europe B.V., another subsidiary in Holland.

The registered capital in Unilumin LED Technology FL LLC would rise from USD 100 thousand to USD one million after adding up all figures. The registered capital in Unilumin LED Europe B.V. would move up from USD 200 thousand to USD one million.

 (Image: Cnlight)

Cnlight Set Up A JV That Also Went On Setting Up A New Energy Company

On April 7, Cnlight signed an agreement with a company to set up a joint venture to aim at the Europe and USA lighting markets and expand international market's sales. The new firm's registered capital would be RMB 10 million. The joint venture is responsible for the R&D, manufacture, and distribution of fine-pitch LED display components of all categories.

Not long after that, on April 10, Cnlight announced that its subsidiary Fushun Optoelectronics Technology Co., Ltd planned to invest RMB 68 million in setting up a new energy company, so as to expand businesses of smart street light and electric vehicle charging pile in Anhui and Zhejiang areas. The new firm is then able to raise Cnlight's share in related markets and increase the company's product sales.

 (Image: AOTO Electronics)

Shenzhen AOTO Electronics Invested Additional RMB 60.9 Mil. in Gold Lamp

On April 26, Shenzhen AOTO Electronics announced the firm would use some of its raised funds, around RMB 60.9013 million, to back up its wholly owned subsidiary Gold Lamp. RMB 48.76 million out of the sum would be counted as Gold Lamp's registered capital. The remaining RMB 12.1413 million would be counted as Gold Lamp's additional paid-in capital. After this capital increase, Gold Lamp's registered capital would move up from RMB 51.3 million to RMB 100.06 million. Its shareholding structure would not change. AOTO would still hold 100% share of Gold Lamp.

 (Image: Yankon Lighting)

Yankon Supported Its Subsidiary with RMB 47.5 Million

Yankon announced in May that it planned to submit a financial support of RMB 50 million to the subsidiary along with Mr. Yang Li based on their equity ratios in order to support its subsidiary's operation & development and strengthen this subsidiary's market competitiveness. Yankon would offer RMB 47.5 million while Mr. Li would give RMB 2.5 million.

(Image: Shenzhen Mason Energy Saving Co., LTd)

Mason Energy Saving Spent RMB 10 Million on A New Subsidiary

Mason Energy Saving declared on January 16 that its subsidiary Shenzhen Mason Energy Saving Co., Ltd has a new subsidiary in Beijing. In regard to that subsidiary's strategic development, Mason planned to spend RMB 10 million to set up a wholly owned energy company in Kunming in order to increase profitability. The new firm eyes up the market of new energy automotive charging infrastructure.

(All logo credits belong to the companies. The article is translated by Janet Chen, Translator at TrendForce.)

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