SemiLEDs announces definitive common stock purchase agreement

SemiLEDs, a developer and manufacturer of LED chips and LED components, has announced it has entered into a definitive common stock purchase agreement with XiaoQing Han, chairman and CEO of Beijing XiaoQing Environmental Protection Group. Under the terms of this agreement, Han will acquire a 15% interest in SemiLEDs common stock at a purchase price of US$1 per share for a total consideration of US$5 million and will join the SemiLEDs board of directors upon closing of the transaction.



from DIGITIMES: IT news from Asia http://ift.tt/1teUdst

via Yuichun