Epistar, a Taiwanese LED chip maker, has announced that it plans to enter into a strategic alliance with Huga Optotech and hold 47.88% of its shares to become the largest shareholder.
Jingyuan Optoelectronics will issue 78 million new shares, Guanggai will issue 100 million new shares, and increase the additional paid-in capital by NT$30 per share. Moreover, Jingdian has subscribed for 44.79 million shares. Therefore, Epistar will acquire a 47.88% stake in Guanglu.
Lee Biing-jye, president of Epistar, said that Epistar and GuangGuang Optoelectronics will continue to maintain their existing business, and they will share resources including joint procurement and develop products for the market segment.
Lee Biing-jye also said that Epistar has held a 40.35% stake in Taiwan's LED chip maker Na Ya Photonics and a 19.30% stake in Tekcore. At the end of 2010, the total number of Jingyuan Optoelectronics, Na Ya Photonics, Taigu Optoelectronics and Guangguang Optoelectronic MOCVD machines will reach 296.
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