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(2011-12-01)Kingsun goes to public!
On November 25, 2011, Kingsun Optoelectronic Co., Ltd (stock abbreviation: Kingsun, stock code: 002638) went to public in Shenzhen security exchange successfully.
Kingsun offered 46835000 shares this time, accounting for 25% of total issued capital stock with187 million shares. According to business income, Kingsun has become the largest listing company in LED application revenue of Chinese listed company, and it is also the first LED company which applied semiconductor high-power LED lighting for the main business of listed companies in China.
Kingsun’s main investment projects raised by this public offering are LED outdoor lighting project, LED landscape lighting project, LED indoor lighting project, LED R&D lighting center project and company’s operation and management project which accounted for total investment of RMB463,433,300, LED outdoor lighting and landscape lighting projects accounted for the major part in total amount of RMB203.38 million, the total investment amount of LED indoor lighting is RMB141.11 million.
