Sanan raised net worth of 3 billion Penghu MOCVD has ordered 107 units

[High-tech LED News] Sanan Optoelectronics recently announced that the company had completed the non-public issuance of 101 million shares to specific targets in 2010, and the net proceeds raised amounted to RMB 2,979.6 million.

Sanan said that its wholly-owned subsidiary Anhui Sanan Optoelectronics Co., Ltd. Wuhu LED Optoelectronics Project has officially put into operation 15 MOCVD equipment on February 26, 2011. The Wuhu Optoelectronics Industrialization Phase I project has ordered a total of 107 MOCVD equipment. Taiwan, the equipment has been stepped up to install and debug.

In addition, Sancore Photovoltaic Technology Co., Ltd., a joint venture between Sanan and EMCORE Corporation of the United States, has started construction and has received a subsidy of 250 million yuan from the Huainan Municipal People's Government.

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