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2015-08-11

MLS to Raise RMB2.3B for LED Business Investments

Forest Lighting (also know as MLS) plans to non-public issue stocks 6.1 million shares at RMB 38.11 (US$ 6) per share. The offering will raise about RMB 2.3 billion and will be used to fund several initiatives, including Xiaolan SMD LED packaging technical innovation project, phase one of Ji’an SMD LED packaging facility construction project and phase one of Xinyu LED application construction.
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