MLS Scales up Investments in Chinese LED Company

MLS announced recently that it will be injecting up to RMB 1.5 billion (US $ 223.97 million) in a Chinese LED company, and has commissioned Allbright Law Office and Ruihua Certified Public Accountants to assist in legal and financial issues.

MLS stated it will invest RMB 500 million to RMB 1.5 billion in a Chinese LED company.

The company halted trade on China’s bourse, due to uncertainties involved in the investment, and to protect investor rights and ensure fairness of investment information disclosed to public. MLS halted trade on the bourse for no more than 10 trading days as of July 15, 2016. During this time frame, the company will announce latest advancements and developments every five trade days, and resume trade once all tasks are completed.

In a separate statement released on the same date, the Chinese LED package manufacturer announced it had partnered up with Zhuhai Harmony Zhuoyue Investment, and invested up to RMB 178.57 million (US $) in the company. MLS investments made up 35.71% of share in Zhuhai Harmony Zhuoyue Investment.  

According to the statement, Zhuhai Harmony Zhuoyue Investment will manage company shares and investments.

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.

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE