Honglitronic to Expand LED Packaging Business through Fund Raising

Chinese LED manufacturer Honglitronic recently announced the company will release 300 million non-public offering shares to raise RMB 725 million (US $116 million). The purposes of this round of financing is mainly for the construction of SMD LED manufacturing facilities, acquiring 49% of Liangyou Hardware’s shares, and increasing bonds payable and circulating capital.

Honglitronic mainly manufactures white LED packaging products. The company is mainly involved in LED module and related products R&D, manufacturing and sales. The company’s products are widely used in general lighting, backlighting, automobile lighting, specialized lighting, display screen lighting and other applications. The funds raised will help the company further expand LED packaging product business to provide a comprehensive supply chain and increase profitability.

 

(Translator: Emma Chang, Editor, LEDinside)

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