After halting trade on the Chinese bourse for four consecutive months, Kingsun Optoelectronics recently announced its Hong Kong subsidiary will be acquiring China’s leading international education enterprise NIT Group for RMB 2.9 billion (US $41.76 million)

Kingsun Optoelectronic is to acquire Lumileds with capital collected partially from surplus capital of different LED lighting business and the company’s raised funds. Kingsun Optoelectronic plans to indirectly acquire 6.15% share of Lumileds, which was span off by Royal Philips, for US$ 100 million.