MLS Scales up Investments in Aucksun Opto to Strengthen LED Chip Supply

News Source: 

MLS (also known as Forest Lighting) announced Tuesday, the company will be pumping in another RMB 500 million (US $71.95 million) in a subsidiary of Chinese LED chip manufacturer Aucksun Opto to expand in the upstream LED sector.

About RMB 348.8 million will be listed as Aucksun Opto’s subsidiary Huian Aucksun Opto’s registered capital, while the remaining funds will be invested as additional paid-in capital.

Prior to the latest investment, Aucksun Opto’s registered capital neared RMB 600 million, the company and its subsidiary Jiangsu Aucksun Opto respectively held shares of 66.67% and 33.33% in the Huian subsidiary.

Following the latest investment from MLS, Huian Aucksun Opto’s registered capital will peak toRMB 1.3 billion. MLS will acquire 26.88% shares in Huian Aucksun Opto. Meanwhile, MLS will obtain one seat on the three member board, and appoint a member to the Board of Supervisors.

LED chips manufactured at the Huaian Aucksun Opto plant will be preferentially supplied to MLS at market retail price.

According to MLS the strategic investment will assist it in extending into the upstream LED industry, and comprehensively integrate the company’s supply chain. This is crucial for MLS future developments, and at the same time will improve the company’s branding strategy, stabilize its raw material supply channels and improve its revenue. This can effectively improve the company’s revenue and improve its core competitiveness.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE