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| - Widens its Footprint in Smart Devices - |
HONG KONG, May 6, 2016 - (ACN Newswire) - Everbright (Qingdao) Investment Company Limited ("Everbright Qingdao Investment"), a wholly owned subsidiary of China Everbright Limited ("CEL", stock code 165.HK), announced that the company has made an investment in Shanghai Micro Electronics Equipment Co Ltd ("SMEE" or "the Company"), with a stake holding of 11.98%. The investment, which was completed in April 2016, marks a major step forward in CEL's expansion in the field of smart devices.
SMEE is the world's fourth and China's only company with system design and integration testing capabilities in high-end optical lithography equipment, often known as the jewel in the crown of the integrated circuit (IC) and semiconductor value chain. Its products are extensively used in IC fabrication, advanced packaging, micro-electromechanical systems (MEMS), light-emitting diodes (LED), organic LED thin-film transistors (OLED-TFT) and other areas of production. Currently, SMEE accounts for an 85% share of China's market for advanced packaging optical lithography machines, with its high-brightness LED lithography machines taking the lion's share of the domestic market for high-end equipment.
SMEE staffs a talented, multi-disciplinary team of more than 1,000 professionals with solid backgrounds in the technological fields of nanometer-level motion control, high-precision optical system development and precision photoelectric measurement. During the 10th Five-Year Plan, SMEE undertook the task of developing scanning projection lithography tools for the state's 863 Plan. Under the 11th and 12th Five-Year Plans, the Company was designated by the state to develop high-end scanning projection lithography tools and industrialise advanced packaging lithography tools for National Science and Technology Major Project "02". The Company is among China's top five enterprises in the semiconductor industry, and it is regularly held up as a model enterprise for national intellectual property rights.
In addition, SMEE is a state-level corporate technical centre, a state-level engineering technical centre, one of the first innovative enterprises in Shanghai, and the winner of the 2015 Shanghai Mayor Quality Prize, the highest accolade for industrial quality in Shanghai. As at end-2015, the Company had filed applications for a total of 1,768 patents, including 1,424 (with 704 granted) for Chinese invention patents and 163 (with 42 granted) for foreign invention patents.
As a major shareholder, CEL will play an integral role in SMEE's investment and financing, overseas mergers and acquisitions, and listing plans. CEL has also been discussing between SMEE and CEL's American invested companies in areas such as precision manufacturing and wafer polishing.
For more information about SMEE, please visit http://www.smee.com.cn/
About China Everbright Limited
China Everbright Limited ("CEL", stock code: 165.HK) was established at Hong Kong in 1997, CEL persistently pursues its "Macro Asset Management" strategy, with specific focuses on cross-border asset management and investment business. Over the past years, CEL manages series of private equity funds, venture capital funds, sector focus funds, mezzanine funds, hedge funds and principal investment as operated via an international management platform, and provides overseas investors with opportunities to explore and invest in companies with fast growing potential in Mainland China. On the other hand, CEL also seeks investment opportunities from overseas and provides diversified financial services for its clients in Mainland China. As of 31 December 2015, CEL's total fundraising scale reached over HK$49 billion, with a total of 31 funds.
China Everbright Limited, being a member of China Everbright Group, is the second largest shareholder of Everbright Securities (stock code: 601788.SH), a strategic shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK), the single largest shareholder of the Hong Kong-listed China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK) and the second largest shareholder of the Singapore-listed Ying Li International Real Estate Limited (stock code: 5DM. SGX).
After the launch of "Shanghai-Hong Kong Stock Connect" on 10 April 2014, CEL becomes one of the first batch of specific stocks listed on The Stock Exchange of Hong Kong which can be directly traded by Mainland investors.
Through upholding the philosophy of "Making Wealth Simple", CEL leverages on its own substantial financial strength, as well as the position and influence of China Everbright Group and its affiliated companies in the financial industry in China, and has successfully built huge cross-border social and business networks in Hong Kong and the Mainland, and established a reputable image in the market.
For more information, please visit www.everbright165.com.
For enquiries, please contact:
Golin
Jackie Cheung
Tel: +852 2501 7901
Email: jcheung@golin.com
Max Lau
Tel: +852 2501 7905
Email: mlau@golin.com
Topic: Press release summary
Source: China Everbright Ltd
Sectors: Daily Finance, Funds & Equities
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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