Tsinghua Tongfang to buy equity in Singapore LED
Date Posted:2008-7-3 15:05:57
Tsinghua Tongfang (600100.SH) plans to buy 60 percent equity in Singapore LED chips producer Tinggi Technologies Pte Ltd. for 5 million US dollars.

ĦĦĦĦThe deal will be practiced by its wholly owned overseas subsidiary Resuccess, according to Tongfang?s recent announcement.

ĦĦĦĦTinggi is mainly engaged in developing superpower LED chips technology.

ĦĦĦĦTongfang made additional placement in 2007 to collect fund for a high power light-emitting diode (LED) epitaxial wafers and chips project.

ĦĦĦĦThe combination of Tinggi?s vertical-structured LED technology and Tongfang?s high power LED epitaxial wafers and chips will further improve the luminous efficiency of its LED chips and cut cost, said Tongfang.

ĦĦĦĦMeanwhile, the tie-up will lay a firm foundation for Tongfang?s LED chips to march into the large-current and high-power illumination light source market.

ĦĦĦĦTongfang will also invest 80 million yuan in setting up a wholly owned subsidiary Tongfang Optoelectronics Technology Co., Ltd., which focusing on constructing and operating an optoelectronic industrial base.

Publisher:China Conserves energy lamp net