On the evening of June 2nd, Lianchuang Optoelectronics (600363) issued an announcement. The board of directors of the company reviewed and approved the amendment of the charter and the capital increase to acquire two proposals of Shanghai Xinmao. The two major measures added the LED business.

Lianchuang Optoelectronics said that it will increase the company's business scope by adding semiconductor lighting sources and control systems, LED displays, power cables, solar power and wind power equipment.

At the same time, Lianchuang Optoelectronics plans to invest RMB 16.72 million in cash to increase its capital and hold a 51% stake in Shanghai Xinmao. After the completion of this capital increase, the registered capital of Shanghai Xinmao increased from 13.5 million yuan to 27.55 million yuan.

Shanghai Xinmao is mainly engaged in technology development, technology transfer, technical consultation, technical services, micro-electronics, functional materials devices, LED display, lighting, LCD terminals, computer automation, communication electronics, LED display, lighting, Manufacturing, sales, installation and service of liquid crystal display terminals and related electronic products; LED display and lighting engineering construction; engaged in the import and export of goods and technology, the net profit in 2012 and the first four months of this year were 1.0644 million yuan and -134.86 million yuan.

According to the company, this foreign investment is mainly for the industrial and market layout in Shanghai and its surrounding areas. The impact of this investment on the company's financial status and operating results will be mainly reflected in the investment dividend income.

According to the reporter's understanding, the company completed refinancing at the end of last year, and one of the fundraising investments was the infrared LED device industrialization project. The company's two new initiatives mark the company's efforts to do LED business.

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