Recently, LED chipmaker Epistar thought those reports was a rumor, that Epistar, Lumens and backlight unit (BLU) maker Hansol LCD would set up a joint venture in eastern China, with 10 billion won (US$8.84 million), 30 billion won and 10 billion won investment respectively. Epistar spokesman Chang Shie-Shien noted that Epistar hadn』t known anything about the deal and nothing related to it was being discussed.