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On July 5, Mullins announced that its subsidiary, LEDVANCE GmbH, intends to acquire a 18.7722% stake in Everlight Optoelectronics, a shareholder-owned company, utilizing either its own funds or self-raised capital amounting to RMB 256 million. Upon completion of this acquisition, Mullins and its subsidiaries will collectively own a 36.1091% stake in Everlight Optoelectronics, thereby becoming the largest shareholder. Everlight Optoelectronics stands as a pioneer in the LED patented device industry, with its business encompassing LED epitaxial chips, packaging, and more. This strategic move is poised to deepen the technical collaboration and market integration between Mullins and Everlight Optoelectronics, paving the way for the company's sustained growth and development.
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