Chinese LED manufacturer Mason Technologies intends to acquire OML Technology for RMB 30 million (US $4.8 million). According to Mason Technologies, about RMB 28.2 million will be used to increase capital, while RMB 27.1 million will be used as additional paid-in capital. At the same time, the company will undergoes transfer of share. Mason Technologies will be securing 22% of OML shares through the acquisition.

Chairman from Chinese LED manufacturers Chang Fang Semiconductor, Mason Technologies, and Elec-Tech International expressed their reasoning behind need for government support and regulation of LED industry.