San’an Opto Subsidiary Borrows RMB 140 M to Invest in IC Project

San’an Opto announced Thursday its subsidiary specializing in integrated circuits (IC) has borrowed RMB 140 million (US $22.04 million) loan that will be paid in 10 year instalments at an interest rate of 1.20%.

China’s sovereign investment arm, The State Development & Investment Corporation (SDIC), has been financially supporting San’an Opto’s developments. The corporation has financed 0.62% of the RMB 140 million loan for the IC project. In return San’an Opto is expected to pay back the state-owned company 1.2% of its investment benefits.

San’an Opto is expected to scale up repurchase of company shares on Oct. 10 every year from 2017 to 2025. The value of repurchases are RMB 3 million for the first two years, RMB 5 million in 2019, RMB 29 million and RMB 100 million.

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.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE