Delta Power invested 720 million yuan in Taiwan
On March 11, Delta (2308) board of directors resolved to subscribe for LED packaging factory Jihong (3031) private domestic convertible corporate bonds NT$ 720 million, if converted into ordinary shares accounted for about 9% of the diluted share capital of Yuhong.
In 2009, Delta Electronics has launched LED lighting products. In the field of LED chips and packaging, it is considered to invest in the main or strategic alliance, but it has not been clear.
In the extraordinary shareholders meeting held by Su Hong last week, the company launched a strategic cooperation object by handling private equity domestic unsecured corporate bonds within a quota of no more than 1.9 billion yuan. After the announcement of the private placement reference price of 36 yuan per share, the board of directors of Delta was also announced in the evening to subscribe for the domestic convertible corporate bonds of Qihong privately. The number of transactions was 7,200, and the transaction amount was NT$100,000. The total amount is NT$720 million. If the convertible corporate bonds are converted into ordinary shares, it accounts for about 9% of the diluted share capital of Yuhong.
Delta said that the initial investment is a financial consideration, and there is potential for potential business cooperation in the future.
Related stock price 2010/03/12 - 11:10 佰鸿TWD 44.95 (+4.29%)
Multi function remote manual pulse generator for control of all axes.
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