Bengbu Sanyi Semiconductor is a subsidiary of BDO Runda, the business scope of LED chip research and development, production, sales and technical advisory services. As of December 21, 2017, Bengbu Sanyi semiconductor registered capital of 1.46 billion yuan, Germany Haorunda holds 68.493% of its equity. Upon completion of the transaction, BDO will hold 82.193% of its equity.
As of September 30, 2017, Bengbu Sanyi Semiconductor's total assets of 375,294.28 million; total liabilities of 2,252,773,900 yuan; owner's equity of 150,016.89 million.
According to statistics, Bengbu Huachen was established in 2011 as a professional contract energy management company qualified by the State Development and Reform Commission. The Company cooperates with LED lighting business to provide LED lighting products, and there is no relationship between the two parties.
BDO Runda said that Bengbu Sanyi Semiconductors is the subject of the Company's raised project LED flip chip implementation of the project, and the project for the company's future development plays an important role in the company's purchase of its 13.7% stake will be further enhanced to Bengbu San Yi semiconductor control, more conducive to LED flip chip project management development, in line with the company's long-term development strategic plan.