Aucksun Raises Funds of 400 Million Yuan to Develop LED Epitaxial Wafer and Chip Projects

Aucksun announced its non-public offering plan that it intends to issue not more than 100 million shares at the price of not less than 5.12 Yuan / share. It can raise funds of 500 Million Yuan net of issuance costs, 400 million Yuan will be invested to develop LED epitaxial wafer and chip projects, and the remaining amount will be considered as supplement of working capital.

The better external environment of LED industry promotes the company to accelerate development of the project. Since 2011, Aucksun formed a strategy to develop metal logistics operations and LED epitaxial wafer and chip business as its dual core businesses, and began promoting the two businesses. LED epitaxial wafer has existed excessive capacity in a short term of 2012, so the company slowed the construction progress. Demand for LED has gradually picked up since the beginning of 2013, and with the help of government's vigorous promotion, LED application market has developed rapidly. In this case, Aucksun intends to accelerate the investment on LED epitaxial wafer and chip projects through additional issuance.

It is expected that the acceleration of LED project will bring a great growth in revenue for Aucksun. Aucksun plans to purchase 30 units of MOCVD machine in the first phase of LED project, after the project is completed and put into production, it will be capable of to produce 1.8 million pieces of blue and green LED epitaxial wafers and 11.5 billion pieces of blue and green chip, the total investment will be about 800 million Yuan. Annual sales income is expected to reach 72,000.00 Yuan, annual profit after tax will be 16,861.94 Yuan, the after-tax return on investment recovery time is 5.46 years and the after-tax Financial Internal Rate of Return is 24.51% after the project is completely put into operation. Currently, Aucksun puts five machines into production, it is expected that about 10 machines will be put into production this year.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Streetlights and high-bay fixtures require high flux and efficacy to meet the ever increasing demands for system efficiency and energy cost reduction for these applications. Today, LUXEON 5050 LEDs received an upgrade in both flux and efficacy... READ MORE

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE