Huacan Optoelectronics has made a significant move by investing $800,000 in Hong Kong to establish a joint venture. The company, through its subsidiary HC Semitek Limited, is entering into a partnership with Semiconlight Company Ltd. and Max Aplha Technology Limited. Together, they will form a new joint venture registered in the Hong Kong Special Administrative Region with a total capital of $2.15 million. Semiconlight will hold 51.16% of the shares, HC Semitek will own 37.21%, and Max Aplha will hold 11.63%. This strategic investment aims to expand the company’s overseas sales of flip chip LED products and strengthen its presence in international markets.
In addition, Huacan Optoelectronics has announced plans to acquire 100% of the equity in Harmony Optoelectronics for 1.65 billion yuan. The acquisition will be funded through an equity issuance, with the transaction amount negotiated between the parties. To support this deal, the company also intends to raise up to 187 million yuan from no more than five qualified investors. Once completed, the acquisition will grant Huacan full control over MEMSIC, a leader in MEMS design and production. This move is expected to enhance the company’s capabilities in MEMS technology and accelerate China’s MEMS industrialization efforts.
Meanwhile, Dongxu Optoelectronics has secured a major contract worth approximately 2.4 billion yuan. Its wholly-owned subsidiary, Dongxu Construction, recently won the bid for a PPP project involving infrastructure development in Xinji City. The project includes landscaping, municipal construction, and transportation improvements, reflecting the company’s growing influence in large-scale public projects.
On a separate note, Qinshang Shares appointed Ma Rui as Deputy General Manager and Secretary of the Board of Directors. The appointment was approved at the 16th meeting of the 4th Board of Directors held on December 8, 2017. Ma Rui holds the "Board Secretary Qualification Certificate" issued by the Shenzhen Stock Exchange and has met all regulatory requirements. His appointment ensures that the company continues to comply with legal and governance standards while maintaining strong leadership in its operations.
These developments highlight the ongoing growth and strategic expansion of several key players in the optoelectronics industry, signaling a dynamic and forward-looking business environment.
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