Hong Kong enterprises confirmed that nearly 400 million acquisition of LED business is to be renamed "China Optoelectronics"

It is confirmed that Lida International has implemented an indirect shareholding in the acquisition of Bornstone 97 from an independent third party. Bornstone is principally engaged in the R&D, production and distribution of LED epitaxial wafers and display chips, backlight chips, high-brightness high-power lighting chips and semiconductor lighting products in China. The acquisition price of HK$496 million (equivalent to approximately RMB397 million) will be funded by internal resources. The profit guarantee for 2015-2017 is not less than RMB 35 million (the same below), RMB 45 million and RMB 55 million respectively. In addition, it is recommended to adopt China Optoelectronics Holding Group Co., Ltd. as the second Chinese name to replace Zhenglida International Holdings Co., Ltd.

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Fused magnesia is mainly made of magnesite with 47% content and fused in electric arc furnace. The chemical indexes of fused magnesia can be divided into six major items. 1, Magnesium Oxide content; 2. Silica content; 3, iron oxide content; 4, aluminum oxide content; 5, caustic soda; 6, body density; Fused magnesia products have high purity, large crystal particles, compact structure, strong slag resistance material, good thermal shock stability, is an excellent high temperature electrical insulation material, is also an important raw material for high-grade magnesia bricks, magnesia carbon bricks and amorphous refractory materials.

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