Foshan Country Star Power Granted By The Sfc Audit Listed

Following the success of Shing Road, communicationsVenture Capital Co., Ltd., Rui Investment Co., Ltd.
over the meeting, Foshan plate augmented "new."Foshan City, China. The Sigma Star power by the
April 2, Foshan, Guangdong, China Star Electrical Co.,State itself, a natural person shareholders in the 45
Ltd. successfully reviewed by the SFC, thus, Foshanto 44 members, Wang Yao-hao also star power of
City Adds a publicly traded company. It is reportedany state and chairman of Sigma companies.
that this year, more than 10 companies Foshan willCountry star power prospectus shows that total
submit application materials to the Commission inassets of 680 million yuan. Reporter is found, 8
succession, more than 20 companies listed onyears, the country star power president and general
restructuring of work in progress and will be 5-8manager Wang Yao-hao, deputy general manager of
years for promoting the companies listed.Jardine Matheson Vice President Bin-Hai Yu Ju Choi 3,
Governor to surveyin fact, only 45.61 million yuan investment, the
Country star power is now the mainland of China,realization of this company control.
one of the top three LED packaging, LED FoshanDiscount sale of two state-owned assets
leading enterprises. The company became IBM inOctober 18, 2002, is through the Group, the Trade
2010 qualified supplier, and China won the bid inUnion Committee and the photoelectric Yao Wang
January this year centralized procurement ofHao and other 9 individuals signed a "contribution
energy-efficient lighting products LED spotlight.agreement" an agreement to invest 15 million yuan to
Country star power in the LED lighting of the winningestablish Foshan City, China Star Electrical Technology
share of 31.11%.Co., Ltd.. At that time the sale of state assets under
Star power in the country will be successful over thethe preferential policies, Wang Yao-hao, Yi-Ju Tsai,
day after to go to Foshan, Guangdong GovernorBin-Hai Yu to 6.4 fold in price, a total of 1.152 million
Huang Huahua research, including country stars,yuan investment, the country received 12% stake in
including four power LED manufacturers, he said,Star power.
from the current international financial crisis afterIn 2003, country star power to the registered capital
facing the new situation in terms , is a breakthroughof 15 million yuan from the capital increase to 20
and an important starting point for accelerating themillion yuan, Wang Yao-hao and other three persons
development and the development of strategic newjointly invested one million yuan, making 3 of shares
industries, LED industry is emerging industries.in the company to expand to 14%.
And fund-raising project for the 4In 2004, out of state-owned shares to complete the
According to the prospectus describes the countryprocess of star power, is through the company holds
star power that this proposed public offering of A22% stake, bought by other shareholders, which,
shares is not more than 55 million shares, the totalagain discount to the valuation of state-owned
funds to be raised 504 million yuan. Funds raised willshares, Wang Yao-hao and other three people in the
be used for new surface mount LED technologicalchanges in ownership total of 2.79 million investment,
transformation projects, power type LED and LEDshares rose 21%.
light source module technological transformationCountry star set up a venture capital company
projects, LED backlight technological transformationholding power
projects, semiconductor lighting technology andIn 2005, country star power to increase the
industrialization of the four key projects.registered capital to 30 million yuan, Wang Yao-hao
Further readingand other 3 people in proportion to 1.26 million
Reform Road 8 yearsinvestment, this time shares unchanged.
Formerly state-owned enterprises as a company,In 2006, country star power once again raise capital,
country star power from the conversion to marketregistered capital increased to 40 million yuan, Wang
approval, spent eight years.Yao-hao, etc. 3 7.29 million investment, shares
Executives funded more than 4,000 millionincreased to 25.88%.
Country star power was formerly established in 1969July 2007 -8 months, the country star power to clear
in Foshan City, Semiconductor Material Plant, wherethe 319 union workers held shares. Wang Yao-hao
the whole people belonging to state-ownedand other people invested 32.12 million yuan and three
enterprises in 1990, renamed as "optical equipmentother shareholders with 41 individuals, set up the
company, Foshan City, (Optical Company)," theSigma company, then, Sigma venture capital, credit
economy remains the nature of the whole people.venture capital, investment and other three countries
In 2000, Wang Yao-hao entered the opticalRui legal person shares, and Wang Yao-hao, etc. 45
company, two years after the company officiallyAs a sponsor, to 199 million by mid-2007 according to
changed its name to Foshan City, China Star Electricalthe proportion of net assets into shares, the
Technology Co., Ltd.. -2,007 Years from 2000, Wangestablishment of the registered capital of 160 million
Yao-hao and other executives through "restructuringshares in the company --- China Star power.
- capital increase (diluted state shareholders) - all outAfter the withdrawal of state-owned shareholders,
of state shareholders - to increase their investmentWang Yao-hao personal equity rose to 8.9%; at this
(the introduction of venture capital) - atime, the king and the other two core controller to
comprehensive clean-up trade unions holding" and fiveachieve 21% of the total shareholding, has been
steps, to adjust Ownership changes, making it abasically controlled the photoelectric technology. Since
completely state-owned enterprises transformed intothen, the country star power by another capital
joint-stock enterprises. This process, called theincrease (the introduction of venture capital) and
"classic model for the privatization of state-ownedtrade unions to hold both a comprehensive clean-up
enterprises."methods, the final completion of pre-market
By 2007, the country star power to become a legalenterprise reform. Before the IPO in 2010, Wang
entity by the three shareholders and Wang Yao-haoYao-hao and other three persons directly holding
and other natural person shareholders holding 45, the25.88 percent and the company indirectly controlled
registered capital of 160 million shares in theby sigma 18.85%, a total of 44.73 percent, has
company. Three corporate shareholders were Sigmabecome a national star power of the actual controller.
Venture Capital Co., Ltd., Foshan, Guangzhou integrity