Formosa Plastics Reconstruction Program is to strive for Japan's alliance to reserve energy

Formosa Plastics Group (1301) Locked LED and lithium batteries to expand the investment focus and promote green energy layout. Among them, South Asia Optoelectronics will start more than 40% of the capital reduction in the first quarter, and then increase capital to raise the equity to 2 billion NT dollars, for the next phase to strive for Japan's alliance reserve energy.

It is reported that South Asia Optoelectronics has a capital of 700 million yuan, South Asia Plastics holds 88.57%, and the net value at the end of the third quarter of 2009 was 430 million yuan. Formosa Plastics Group plans to handle the loan reduction of RMB 340 million to RMB 350 million, and fully compensate for the losses on the account. Then, through the participation of group members such as Jingdian and Taiwan Plastics, the capital will be raised to 2 billion yuan.

Wang Ruiyu, chairman of South Asia Optoelectronics, said that in order to strengthen its competitive strength, Nanya Optoelectronics will enhance its financial conditions through the plan of reducing capital increase, and establish a technical alliance with Jingdian. It is estimated that according to the financial report of Nanya Optoelectronics at the end of 2009, the loss will be reduced through capital reduction. Make up, the source of capital increase In addition to the 1 billion yuan of Jingdian, members of the group such as Taisu Plastics also participated in the overweight investment, and the transformation plan will be completed in the first quarter.
Related stock price 2010/01/05 - 09:32 Crystal Electric TWD 120.0 (+2.13)

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