IFC Invested $12 Million 500 Thousand In Shares Of Crystal Energy

In December 8, 2010, a press release sent to reporters by the International Finance Corporation (IFC) showed that on the same day, IFC invested $12 million 500 thousand to join the crystalline energy photoelectric limited liability company (LED), which produced LED chips. So far, its total investment in the 2010 fiscal year has reached a record high of $18 billion.

IFC said that the investment will be used to expand the production line of Jing energy photoelectric in mainland China's Jiangxi Province, and will also support the company to increase its share in the domestic market by increasing capital investment.

IFC expects to become a long-term investor in the private LED industry.

The press release said that this partnership will help IFC to create more than 500 jobs in China's foreland in the next three years.

On the same day, in a press release sent to reporters, crystal energy said that the total amount of capital invested by IFC headed by the investment institutions to Hongkong can be increased to 55 million 500 thousand US dollars. In addition, the Jinsha River fund, Hai Yide investment company and the Asian investment company of Jay participated in the capital increase.

The increase will not only provide sufficient financial support for the expansion of solar energy, but will also enhance the influence of crystalline energy in the world.

Wang Jingrong, head of the media, said that this is the second round of the company's capital raising and share expansion, which is used to implement the expansion plan since 2009.

By the end of 2010, the company's capacity could reach 14 billion chips.

In 2011, with the full arrival of MOCVD, the company has an annual capacity of 24 billion grains, becoming one of the largest epitaxial materials and chip manufacturing enterprises in China.

Since 2009, the world has paid close attention to the low-carbon economy and promoted the vigorous development of the LED industry. In the face of the huge market opportunities, Jing can quickly formulate and implement the expansion plan, and signed the MOCVD purchase agreement with Aixtron, one of the two largest suppliers of the world, which is the largest Aixtron in mainland China at that time.

In a press release, Mr. Sun Jun, chairman of crystal energy, said: "crystal energy company has disruptive technology, from the elite and management team at home and abroad, to provide the lowest cost and best performance semiconductor lighting bulbs in the global market, and strive to achieve world-class high-tech companies in China."

"The world's top investment institutions to increase capital for the photoelectric energy expansion, represents the support of international capital for the emerging energy saving and environmental protection industry, and is also recognized by the investment institutions at home and abroad for the achievement of photoelectric energy," said Pan Xiaofeng, managing director of the Jinsha River fund, which is involved in this round of capital increase.

Crystal energy introduced in the press release, Jinsha River venture capital started in 2006, led the investment and introduced the Mayfield fund, Yong Wei fund, triumphant fund and Temasek Group invested in Nanchang, Jiangxi, founded the crystal energy Optoelectronics (Jiangxi) company, invested a total of more than 100 million U.S. dollars (total investment of more than 200 million U.S. dollars) is committed to the industrialization of Chinese original technology.

Crystal energy is based on the engineering research center of luminescent materials and devices of Nanchang University, which is invested by many famous venture capital funds such as Jinsha River and Temasek. It is a high-tech enterprise specializing in the production of LED epitaxial materials and chips.

IFC, a member of the World Bank Group, is the largest organization in the world to support private sector development in developing countries.