2013-06-21

Aucksun Raises Funds of 400 Million Yuan to Develop LED Epitaxial Wafer and Chip Projects

Aucksun announced its non-public offering plan that it intends to issue not more than 100 million shares at the price of not less than 5.12 Yuan / share. It can raise funds of 500 Million Yuan net of issuance costs, 400 million Yuan will be invested to develop LED epitaxial wafer and chip projects, and the remaining amount will be considered as supplement of working capital. The better external environment of LED industry promotes the company to accelerate development of the project. Since 2011, Aucksun formed a strategy to develop metal logistics operations and LED epit...
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