SEAMLESS GREEN Sells Its LED Lighting Business for HK$11M

Recently, SEAMLESS GREEN announced that Good Return, a wholly-owned subsidiary of the company, signed an agreement with Primary Billio, an independent third party, to sell the entire equity interest in Arnda Semiconductor Limited to Primary Billio for a total consideration of HK$11 million, and the proceeds will be counted as general working capital.

The group expects to record a net loss of around HK$5.5 million from the disposal, but since the group has already made impairment loss on the investment in the subsidiary of approximately HK$11.1million in year 2011, as such, the disposal of the subsidiary may result in a reversal of impairment loss of approximately HK$5.6 million in year 2013.

The principal business activities of Arnda Semiconductor Limited include customization, enhancement and business activities pertaining to the sales, customer service, production and distribution of LED lighting driver integrated circuits for solid state lighting. It recorded a loss of HK$1.25 billion last year.

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.

With the rise of streaming services and endorsements from the Hollywood movie industry, an increasing number of movies, TV series, and documentary concert films are being produced using Virtual Production (VP) and Extended Reality (XR) technol... READ MORE

A tiny Chip LED from ams OSRAM offers higher brightness, making it simply ideal for integration into everyday devices such as in-ear headphones or smart rings The enhanced Chip LED from ams OSRAM delivers higher brightness—while taking u... READ MORE