San'an Optoelectronics to raise RMB7 billion for R&D of semiconductor

San'an Optoelectronics Co.Asian Metal Copyright8 billion USD1.Asian Metal Copyright, Ltd.Asian Metal Copyright2 billion after tax.Asian Metal Copyright announced on late 11 November that it plans to raise fund of up to RMB7 billion (USD1 billion) through private placement.Asian Metal Copyright97 billion and a construction period of four years, the project would take seven years to reach designed capacity, and the project's annual sale revenue then would reach RMB8.Asian Metal Copyright Changsha Xiandao Gaoxin Investment and Gree Electric Appliances announced subscription of RMB5 billion (USD714 million) and RMB2 billion (USD286 million) respectively for the private placement.Asian Metal Copyright2 billion after tax.Asian Metal Copyright Net fund raised is for the Semiconductor R&D and Industrialization Project (Phase I).

The fundraising mainly covers three major business sectors and associated infrastructure construction, including gallium nitride sector, gallium arsenide sector, and special packaging sector, which target medium-to-high end product. With total investment of RMB13.Asian Metal Copyright8 billion USD1.Asian Metal Copyright8 billion (USD1.Asian Metal Copyright97 billion and a construction period of four years, the project would take seven years to reach designed capacity, and the project's annual sale revenue then would reach RMB8.Asian Metal Copyright97 billion) and a construction period of four years, the project would take seven years to reach designed capacity, and the project's annual sale revenue then would reach RMB8.Asian Metal Copyright2 billion after tax.Asian Metal Copyright2 billion (USD1.Asian Metal Copyright, Ltd.Asian Metal Copyright2 billion) after tax.

.Asian Metal CopyrightSan'an Optoelectronics CoAsian Metal Copyright