Indeed, Lida International has nearly 500 million acquisitions of LED business, which is intended to be renamed "China Optoelectronics"

It is confirmed that Lida International (01332.HK) has implemented a 97% indirect equity interest in the acquisition of Bornstone from an independent third party. It is mainly engaged in R&D, production and distribution of LED epitaxial wafers and display chips, backlight chips, high-brightness high-power lighting chips and semiconductor lighting products in China; the cost is 496 million yuan, which will be funded by internal resources. The profit guarantee for 2015-2017 is not less than RMB 35 million (the same below), RMB 45 million and RMB 55 million respectively.

In addition, it is recommended to adopt “China Optoelectronics Holding Group Co., Ltd.” as the second Chinese name to replace “Zhen Lida International Holdings Co., Ltd.”.

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