San’an Becomes Biggest Shareholder for Formosa Epitaxy

Chinese LED chip manufacturer San’an announced on October 8th, 2013, their purchase in FOREPI stock shares by wholly owned subsidiary Xiamen San’an was finalized on October 2nd. Xiamen San’an currently holds stocks for NT$120 million (US$4 million), accounting for 19.77 percent of FOREPI’s total stocks making it the biggest shareholder.

Last November, wholly owned subsidiary Xiamen San'an used less than NT$2.35 billion of capital raised to purchase about 120 million ordinary stocks from listed Taiwanese company FOREPI through private equity

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