Trade Resources Industry Views MLS to Invest in Epistar China Joint Venture

MLS to Invest in Epistar China Joint Venture

MLS, the largest China-based LED packaging service provider, will invest CNY180 million (US$28.3 million) to acquire a 10.91% stake in KFES Lighting (Xiamen), a China-based joint venture established by Taiwan-based LED epitaxial wafer and chip maker Epistar, according to MLS.

KFES Lighting produces LED epitaxial wafers and chips as well as provides LED packaging services.

MLS said it will subscribe to new shares issued by KFES for raising additional paid-in capital. The investment is to obtain licensed use of white LED patents from KFES and enhance business relations with Epistar, MLS indicated.

MLS has about 30% of LED chips supplied by Epistar's factories in China and accounts for 50% of Epistar's production capacity in China.

Through the investment, MLS will become the third largest shareholder of KFES, next to China-based Shenzhen Kaifa Technology with a 38.67% stake and Epistar with 35.15%.

 

Source: http://www.led-search.com/news-view-4484.html
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Topics: Lighting