Dehao Runda plans to increase the capital of Dalian Dehao Optoelectronics by RMB 320 million
Dehao Runda (002005) recently announced that its subsidiary Dehao (Dalian) intends to increase the capital of another subsidiary, Dalian Dehao Optoelectronics, by 320 million yuan. After the capital increase, Dalian Dehao Photobook Capital will be changed from 180 million yuan to 5 yuan. 100 million yuan will be changed to a foreign-invested enterprise. Dehao (Dalian) invests 64% of its book capital.
Dalian Dehao Optoelectronics Co., Ltd. is a development, production and sales enterprise of LED chips, light-emitting diodes, LED light source modules, launch tubes and LED semiconductor lighting products. As of September 30, 2010, Dalian Dehao Optoelectronics' total assets were 989.469 million yuan and net assets were 98.449 million yuan. It is still in the preparation stage and has not yet generated any income. Dehao (Dalian) Investment is one of the Group's investment platforms for LED projects in the mainland.
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