[High-tech LED News] On July 6, Taiwan Hon Hai Group invested in the LED upstream crystal growth plant Xinjing Diamond (5231) and the board of directors of Zhaojing Technology (4969) to pass the merger resolution. After the merger, the company will be Zhaojing. After the merger took effect, Zhaojing changed its name to Xinjing Diamond Technology Co., Ltd., and the chairman of the board was Guo Lili, director of Xinjing Diamond. The general manager was served by Xie Jianfu, chairman of Zhaojing.
Xinjing Drilling Technology Co., Ltd. will eliminate the company and terminate the trading of the company and cancel the public offering. It will issue one share of Xinjing Diamond to issue one share of Zhaojing Capital to issue common stock. The conversion ratio is 1:1, which means that Zhaojing Technology will be used once. 63,720 ordinary shares were issued, and the base date for the merger was December 31.
Zhao Jing Finance Director Hong Benyuan said that since Zhaojing masters the client's estuary, it will be a survival company. After the merger, three goals will be achieved. First, integrate the LED sapphire substrate crystal, substrate process and PSS technology. Expand the scale of operations, enhance competitiveness, strengthen cost advantages, increase profitability, integrate upstream and downstream resources, provide customers with better prices, strengthen overseas development, and expand market share.
Guo Lili, director of Xinjing Diamond, said that specializing in sapphire and Jingjing is the excellent estuary of Changjing Plant. The combination of the two can solve the problem of excessive business concentration and save the cost of manpower and source.
In addition, because Hon Hai Group is the largest assembly plant for Apple's iPhone and iPad, both of them need LED backlights. The Chimei TV and NB panels also need LED backlight modules. After the merger of Xinjing Diamond and Zhaojing, it will provide Hon Hai Group. The most upstream material of LED, Hon Hai Group has also become the largest estuary of the new company after the merger.
Founded in 2007, Xinjing Diamond is a small sapphire material and processing factory for single crystal synthesis, orientation, cutting, drill pipe and grinding in Taiwan. The main products are sapphire single crystal rods for LED substrates, sapphire single crystal rods for semiconductor substrates and sapphire single crystal module blanks of various shapes and sizes.
At present, the production capacity of Xinjing Diamond is about 100,000 mm. The main project of the new plant in Hukou will be completed in October. It is expected that 150 crystal growth furnaces will be installed in 1Q 2012. By then, the production capacity will be 1 million millimeters. Asia's largest crystal growth plant will be able to supply the crystal rods required for microcrystalline dicing.
Founded in 2000, Zhaojing Technology is a Taiwanese manufacturer of special single crystal materials, supplying a wide range of single crystals to component manufacturers for a wide range of products. At present, Zhaojing's sapphire substrate is mainly used for the production of 2-inch products. It can also cut 4 or 6-inch wafers according to customers' needs. About 80% of the products are mainly sold domestically. The raw materials are sapphire crystal rods. Suppliers include Rubicon. Yuefeng, Xinjing drill, etc.
At present, Zhaojing has a production capacity of about 300,000 pieces in the Taoyuan Plant and about 150,000 pieces in the bamboo plant. By the end of the year, it will be able to expand to 300,000 pieces, with a total capacity of 600,000 pieces, and at the same time, in response to the large expansion of Xinjing Diamond in 2012. Siu Jingming is bound to further expand its production capacity in the year. The combined effect of the two will be fully erupted after the completion of the new Q1 Xinjing drill factory in 2012.
Xinjing Drilling Technology Co., Ltd. will eliminate the company and terminate the trading of the company and cancel the public offering. It will issue one share of Xinjing Diamond to issue one share of Zhaojing Capital to issue common stock. The conversion ratio is 1:1, which means that Zhaojing Technology will be used once. 63,720 ordinary shares were issued, and the base date for the merger was December 31.
Zhao Jing Finance Director Hong Benyuan said that since Zhaojing masters the client's estuary, it will be a survival company. After the merger, three goals will be achieved. First, integrate the LED sapphire substrate crystal, substrate process and PSS technology. Expand the scale of operations, enhance competitiveness, strengthen cost advantages, increase profitability, integrate upstream and downstream resources, provide customers with better prices, strengthen overseas development, and expand market share.
Guo Lili, director of Xinjing Diamond, said that specializing in sapphire and Jingjing is the excellent estuary of Changjing Plant. The combination of the two can solve the problem of excessive business concentration and save the cost of manpower and source.
In addition, because Hon Hai Group is the largest assembly plant for Apple's iPhone and iPad, both of them need LED backlights. The Chimei TV and NB panels also need LED backlight modules. After the merger of Xinjing Diamond and Zhaojing, it will provide Hon Hai Group. The most upstream material of LED, Hon Hai Group has also become the largest estuary of the new company after the merger.
Founded in 2007, Xinjing Diamond is a small sapphire material and processing factory for single crystal synthesis, orientation, cutting, drill pipe and grinding in Taiwan. The main products are sapphire single crystal rods for LED substrates, sapphire single crystal rods for semiconductor substrates and sapphire single crystal module blanks of various shapes and sizes.
At present, the production capacity of Xinjing Diamond is about 100,000 mm. The main project of the new plant in Hukou will be completed in October. It is expected that 150 crystal growth furnaces will be installed in 1Q 2012. By then, the production capacity will be 1 million millimeters. Asia's largest crystal growth plant will be able to supply the crystal rods required for microcrystalline dicing.
Founded in 2000, Zhaojing Technology is a Taiwanese manufacturer of special single crystal materials, supplying a wide range of single crystals to component manufacturers for a wide range of products. At present, Zhaojing's sapphire substrate is mainly used for the production of 2-inch products. It can also cut 4 or 6-inch wafers according to customers' needs. About 80% of the products are mainly sold domestically. The raw materials are sapphire crystal rods. Suppliers include Rubicon. Yuefeng, Xinjing drill, etc.
At present, Zhaojing has a production capacity of about 300,000 pieces in the Taoyuan Plant and about 150,000 pieces in the bamboo plant. By the end of the year, it will be able to expand to 300,000 pieces, with a total capacity of 600,000 pieces, and at the same time, in response to the large expansion of Xinjing Diamond in 2012. Siu Jingming is bound to further expand its production capacity in the year. The combined effect of the two will be fully erupted after the completion of the new Q1 Xinjing drill factory in 2012.
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