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(2011-12-30)Kingsun Optoelectronic: 1st Shares in China LED Semiconductor Lighting Industry
In November, 2011, Dongguan Kingsun Optoelectronic Co. Ltd. (Stock code 002638 referred to as "Kingusn Optoelectronic" was officially listed in Shenzhen Stock Exchange. It is reported that Kingsun issued 46.835 million shares, approximately accounting for 25% of the total share capital of 187 million shares.
Located in leading position in subdivision industry.
As the only one listed company with the largest revenue in domestic led lighting application field, as well as the first listed company in industry with high power LED lighting as its main business, located in leading position in subdivision industry, Kingsun has advantages of the first mover. It is learned that Kingsun main business covers four fields: LED landscape lighting, LED functional lighting, LED display and LED special lighting, among which LED functional lighting is its focus and future development direction based on the development of high power white LED technology.
Increase 463 million RMB to invest in four projects.
It is reported that the raised funds of about 463.4333 million RMB will be invested in four main projects: LED outdoor lighting and landscape lighting, LED indoor lighting, LED lighting R&D and design center, company operation management center. Among which, 203.38 million RMB will be invested in LED outdoor lighting and landscape lighting and 141.11 million RMB in LED indoor lighting. Meanwhile, Kingsun will enlarge its production capacity further with the investment of raised funds. It is estimated that Kingsun will achieve the following design capacity in 2013: 0.99 million set LED street lamps, 0.12 million set LED tunnel lamps, 0.15 million set LED projectors, 2.2 million pcs LED tubes, 1.1 million pcs LED bulbs, 0.75 million pcs LED downlights, 0.25 million pcs ceiling lamps.
