Orde to 7.185 billion restructuring plan was released into the Netherlands Ample

China Orret Optoelectronics Co., Ltd. (600666.SS) disclosed major asset restructuring plans on Thursday said the company intends to issue shares such as Hangzhou Ruiyue 100% stake in Hefei Ruicheng, the total transaction price tentative 71.85 billion yuan. Hefei Ruicheng business operators for the world's leading RF power chip supplier - the Netherlands Ampleon Group.

The company also said at the same time to be proposed by the inquiry method to raise funds not exceeding 2.3 billion matching ancillary funds raised in the deduction of relevant taxes and agency fees, intended to be used in the underlying company GaN technology and back-end assembly projects, SiC substrate Materials and power devices industrialization project construction.

The announcement shows that Ampleon Group specializes in developing, designing, manufacturing and marketing high-power RF power chip products. The products are mainly used by major base station equipment manufacturers and have wide applications in such fields as aerospace, lighting and energy transmission.

"Upon completion of this restructuring, the Company will add R & D, design, production and sales of RF power chips to help listed companies further expand their growth potential and enhance the growth and development potential of listed companies' businesses," said the announcement.

Prior to this transaction, OREID's main business is the research and development, production and sales of sapphire crystal materials, sapphire crystal growth equipment and sapphire products; research and development, design, production and sales of hard and brittle materials precision machining equipment; 3D Glass bending machine R & D, production and sales.