Jufei Optoelectronics plans to issue 20.46 million shares on February 29

Recently, Jufei Optoelectronics issued a prospectus. The company will issue shares on February 29, and this time it plans to issue no more than 20.46 million shares. After the issuance, the total share capital of 80 million shares, with a par value of RMB 1.00 per share, is planned to be listed on the GEM. The initial inquiry and on-site promotion of the company are scheduled from March 1st to March 6th.

The prospectus shows that Jufei Optoelectronics will be used to invest in backlight LED device expansion projects, lighting LED device expansion projects, LED technology R&D center projects and other working capital related to the main business.

Jufei Optoelectronics specializes in the R&D, production and sales of SMD LED devices. The main products are backlight LED devices and lighting LED devices. In 2009 and 2010, the company's sales of backlight LED devices were 466 million and 828 million, respectively, accounting for 2.96% and 3.21% of the total demand for backlight LED devices worldwide.

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