2013-08-20

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 ...
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For three decades, white LEDs have depended on rare earth materials such as yttrium aluminum garnet (YAG) layered onto a blue LED chip (Figure 1). Seoul Viosys Co., Ltd. (KOSDAQ: 092190) today announced that it has broken that dependence. It h... READ MORE

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