Financial crisis LED industry into a bank safe haven


The world economy has slowed down, and the global financial crisis triggered by the US subprime mortgage crisis has intensified. Governments have taken measures to prevent the situation from continuing to deteriorate. Financial institutions, including major US banks, are in danger. Everyone tries to escape the catastrophe. How to find a relatively safe way out for the funds at hand has become a major issue for re-examination and consideration. In this context, on September 23, 2008, Taiwan's Lite-On Technology and 15 banks including Citigroup signed a five-year NT$15 billion and a subsidiary Perlos's €100 million joint loan contract. It is said that the interest rate of the joint lending in the NT is 90% for the 90-day Taiwanese secondary market commercial promissory interest rate, and the euro is the euro overnight exchange rate for the euro? vEuro Libor?w plus 67.5 percentage points, the interest rate is equivalent competitive.

Judging from the financial data released by Lite-On, the monthly consolidated revenue of Lite-On has been maintained at a relatively high level since the beginning of this year. In January 2008, it reached a record high of NT$15.6 billion, even in the market. The generally low-profile July also reached NT$14.2 billion. The 15 banks signed such a huge loan contract with Lite-On, and the over-subscription rate reached 30%. On the one hand, it shows that the banking sector supports and affirms the future development direction of Lite-On Technology. On the other hand, it can be seen that it has been deeply received. The banking industry, which has suffered from the hardships, has made the LED industry a safe haven for capital security.

The development of the LED industry has developed rapidly in recent years. At the same time, it has been affected by trends such as energy conservation and environmental protection, and is considered to be one of the industries with the best development prospects in the world. According to a recent survey by market research firm iSuppli and StrategiesUnlimited, the total LED market will reach $9 billion in 2011.

Lite-On said that this joint loan fund is mainly used as a long-term capital requirement for expanding its core business in the future. It will replace the current two-year bank loan with a five-year joint loan to accelerate global business growth. In the future, we will continue to be engaged in the generation of LED and high-efficiency power supply energy-saving products and power converter conversion products. With the development of the source-source products, we will actively build a complete green energy technology supply chain. .

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