TDG Holding Intends to Inject 360M Yuan in LED Sapphire Substrate Industry

Sources inform that TDG Holding of Haining ,China,has intended to inject 360 million yuan to upgrade a facility that produces four-inch LED sapphire substrate, with annual capacity of 600,000 pieces.

It expects the upgrade to contribute 298.8 million yuan of revenue and yield net profit of 77.323 million yuan annually, for a yield rate of 21.31 percent and an investment return period of 5.94 years.

Founded in 1999, TDG Holding started the LED sapphire substrate industry last year.The company also reported yesterday that it plans to spend 19.15 million yuan to acquire a 100-percent stake in Liuan Towin Electronic Technology from Shanghai Towin Investment and Development and Liuan Tianrui Real Estate. That would be classified as a related-party transaction. Towin Investment and Development’s share controller, Towin Holding, are also the share controllers of TDG Holding.

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