Chinese LED firm plans record investment in Taiwan | Bangkok Post: news

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Chinese LED firm plans record investment in Taiwan

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A leading Chinese maker of energy-saving light bulbs plans to invest Tw$2.35 billion ($81 million) in a Taiwanese peer, in the biggest single investment from China, the companies and officials said Tuesday. 

Photo illustration of bulbs and plugs. A leading Chinese maker of energy-saving light bulbs plans to invest Tw$2.35 billion ($81 million) in a Taiwanese peer, in the biggest single investment from China, the companies and officials said Tuesday.

Formosa Epitaxy, a supplier of LED (light emitting diodes) chips, said in a statement that it planned to sell up to 120 million new shares at Tw$19.6 per share to a subsidiary of China's Sanan Optoelectronics.

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