Lianovation to Raise US$ 137M to Expand Business Operations

Lianovation will be issuing 64.9 million private shares to raise RMB 850 million (US $136.99 million) to expand business operations in infrared (IR) focal plane array chips and other sectors.

The company also has plans of increasing finances in subsidiary Jiangxi Linktrend Cable Tech’s special cable for aerospace applications, establish online to offline (O2O) sales distribution channels, raise cash flow liquidity, and repay bank loans. The company will resume trade on April 21, 2015.

The private stock will be issued to The Abt Associates and Shanghai Kekong Investment Partnership Group (上海磕空团投资合伙企业), the two companies will respectively be acquiring 21.73% and 28.21% shares. Two other investors include Liantronic Chairman Youxuan Deng, who will acquire 42.36% shares, and another investor Liang Zhao will be purchasing 7.7% shares.

The company will be investing RMB 200.15 million in infrared focal plane array chip, an estimated 24 month construction project. Funds raised will mostly be applied in factory construction and equipment purchases. The company will be mass producing IR focal plane array chips after completing related construction.

Remaining funds will be split among special aerospace cable and increasing company capital. Aerospace cable developed by Linktrend Cable Tech, which will receive RMB 50.72 million, while RMB 370 million will go into capital, and the remaining RMB 150 million to repay bank loans.

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.

Specifiers can realize the best quality of light and the highest levels of light output and efficacy at 3000K and 95CRI San Jose, CA – Lumileds today announced substantial performance improvements for its 90 and 95 CRI LUXEON CoBs with C... READ MORE

For many years, XLamp® XP-E2 LEDs have been the preferred LED choice for lighting manufacturers looking to combine different colors of light together to service specialty lighting applications. The XP-E2 platform offers an unbeatable combi... READ MORE