Shunfeng Clean Energy plans to purchase 51% of Jingneng Optoelectronics Group

Shunfeng Clean Energy (01165.HK) announced that it has entered into a memorandum of understanding for the acquisition of 51% of the issued share capital of Jingneng Optoelectronics Group, and proposed that the consideration for the proposed acquisition should be fully paid by the company to issue and allot new shares.

Jingneng Optoelectronics Group is principally engaged in the production of LED wafer products that can be widely used in general lighting, display screens, LCD backlights and industrial fields. Jingneng Optoelectronics Group is a world-class leader in GaN epitaxial growth and wafer processing technology on silicon substrates. It is the world's first high-power, high-performance silicon substrate LED chip company.

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