The accumulation of capital and the alliance cooperation took back $3.71 million in capital

    [High-tech LED News] Taiwan Plant Accumulation (3527) recently held a shareholders meeting, passed the termination of cooperation with the alliance, and will dispose of 18% of the equity of Alliance (Shanghai) Automation, and retrieve the amount of the original capital increase of 3.71 million Dollar. In the future, in addition to continuing to sell high-end display PWM ICs on its own, it will also retrieve the control panel sales rights originally produced and sold by Alliance.

    The accumulation table said that the reason why the two sides stopped the cooperation relationship was mainly because both sides realized that the industrial situation had changed, not the situation expected by the original cooperation between the two parties. Therefore, the resolution terminated the cooperative relationship.

    In addition, for the disposal of 18% of the alliance, the accumulation means that it only retrieves the amount of capital that was originally invested in the alliance. The transaction amount of $3.71 million is not a disposition.

    It is reported that the accumulation of capital at the time of the accumulation of the alliance was due to the intention of the Alliance to develop the LED business unit, and the two parties signed a technology licensing agreement to provide display panel control technology to help the production and development of the alliance. In addition to this cooperation model, Alliance can accelerate the development of the LED business unit, and the accumulation can also expand IC shipments due to the alliance to find new customers.

    At present, although the shipments of the alliance control panels are showing signs of strengthening, the overall operation still has variables and difficulties, and the overall environment is not as expected by both parties.

    Accumulation emphasizes that it will continue to clear out. Since the control panel is a necessary product for LED display, it will be produced and sold in the future, but it is still not necessary to find new objects to assist the sales of the control panel.

    Accumulation in 2010 continued to develop new products, 10 new products came out in a year, the company said that it will continue to develop LED display, lighting, backlight and other related applications.

    At the shareholders meeting, the accumulation of last year's earnings and dividend policy will be allocated 8 yuan in cash dividends per share; the accumulated revenue last year reached NT$1,851 million, an annual increase of 44%, a gross profit margin of 41%, and a net profit after tax of 307 million yuan. The annual growth rate is 62.3%, and the after-tax earnings per share is 9.3 yuan.

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