Ennostar Considers a Rights Issue to Raise Funds for Constructing a 6-Inch Micro LED Wafer Fab with AUO and Innolux as the Subscribers

Ennostar Considers a Rights Issue to Raise Funds for Constructing a 6-Inch Micro LED Wafer Fab with AUO and Innolux as the Subscribers


On March, 28, Ennostar’s Board of Directors decided to get away a rights issue (Private Equity) of 70,000,000 common shares to raise funds for constructing a 6-inch Micro LED wafer fab and purchasing equipment for epitaxy and chip fabrication.

AUO, one of the directors of Ennostar, will subscribe 67,250,000 shares and Innolux 2,750,000 shares.

Share price is tentatively 90% of the reference price. Ennostar explained that rights issue can quickly raise money and the shares are non-transferable within three years as stipulated, which can ensure the long-term cooperative relationship between Ennostar and the subscribers and confidentiality of the company’s technologies and patents. Thus, Ennostar opts for a rights issue to raise capital, strengthening the flexibility of capital source.

For this rights issue, subscribers are confined to specific persons under the No.6 of item 43 of the Securities Exchange Act and should be strategic investors, who have a comprehensive knowledge of the company’s business or the industry development and can directly or indirectly contribute to the company’s future development.

Besides, Ennostar also announced the ex-dividend trading date is 111/06/16 and the last transfer date is 111/06/17. Book closure date starts on 111/06/18 and terminates on 111/06/22. Ex-dividend basis date is 111/06/22 and the date of dividend payout is 111/07/14.

(Source of the image: Ennostar)
 

GoldMember Report

Report Name Content Format Release
LED Industry Demand and Supply Database Demand Market Forecast: PDF / Excel

1Q (March) /

3Q (September)

2022-2026 Demand Market Forecast
(Backlight and Flash LED / General Lighting / Architectural Lighting / Automotive- Passenger Car & Box Truck & Scooter / Video Wall / Horticultural Lighting / UV LED / IR LED / Micro LED / Mini LED)
Supply Market Analysis:
1. LED Chip Market Value (External Sales, Total Sales)

2. WW New GaN LED and AS/P LED MOCVD Chamber Installation Volume /

    WW Accumulated GaN LED and AS/P LED MOCVD Chamber Installation

3. GaN LED and AS/P LED Wafer Market Demand (By Region / By Wafer Size)
4. GaN LED and AS/P LED Market Sufficiency Analysis
LED Player Revenue and Capacity LED Chip Market Analysis: PDF / Excel

2Q (June) /

4Q (December)

Top 10 LED Chip Manufacturer Revenue and Wafer Capacity
LED Package Market Analysis:
LED Package Manufacturer Revenue, LED Revenue, and Capacity
Top 10 LED Package Revenues in Backlight and Flash LED, Lighting, Automotive, Video Wall, UV LED
LED Industry Price Survey Price Survey- Sapphire / Chip / LED Package (Backlight, Lighting, Automotive, Video Wall, UV LED, IR LED, VCSEL) Excel

1Q (March) /

2Q (June) /

3Q (September) /

4Q (December)

LED Industry Quarterly Update Major Players Quarterly Update: PDF

1Q (March) /

2Q (June) /

3Q (September) / 4Q (December)

EU / U.S- Lumileds, ams OSRAM, CREE LED (Smart Global Holdings)
JP- Nichia, Citizen, Stanley, ROHM
KR- Samsung, Seoul Semiconductor, Seoul Viosys
ML- Dominant
TW- Ennostar, Epileds, Everlight, LITEON, AOT, Harvatek, PlayNitride
CN- San’an, Changelight, HC SemiTek, Aucksun, Focus Lightings, Nationstar, Hongli, Refond, Jufei, MTC, ChangFang Lighting, MLS

 

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