Taiwan-based LED packaging house Everlight passed to motion to secure a syndicated bank loan of NT$6 billion(US$200 million)over a period of five years at a recent board of directors meeting.
Everlight canceled plans to set up a branch in China due to the fact that the firm already has a subsidiary in Shanghai that sells LED components.
Source:
http://www.digitimes.com/news/a20120720PD206.html
