Taiwan's Xieye LED Factory Keli Optoelectronics publicly seeks buyers

On November 25th, the LED chip factory, Qili Optoelectronics Co., Ltd., which has been closed down, announced that the meeting of the temporary administrators meeting is to find potential buyers of assets of the first and second factories. The contact person has not disclosed whether there are any contacts.

Kylie Optoelectronics emphasized that the follow-up procedure will be handled in accordance with relevant laws and regulations.

Keli Optoelectronics is an LED chip factory, and Innolux and Chimei Industrial jointly hold approximately 60% of the shares, of which Quncom holds approximately 33.9%.

Innolux said that it respects the resolution of the temporary manager of Kyli Optoelectronics, seeks buyers, and has provided assistance in the professional field of optoelectronics industry, and hopes that the follow-up process will proceed smoothly.

Due to the intensified competition in the LED industry, Keli Optoelectronics has been operating poorly and has closed down. Kylie Optoelectronics' total bank loans and other loans totaled approximately NT$5.64 billion, and creditor banks are now seeking solutions.

Affected by the transfer of Keli Optoelectronics, the bank group had previously proposed to reduce the monetary policy of Innolux. In October 31, the legal person's briefing session pointed out that it is expected that debt negotiations will be completed in the first quarter of next year without being affected by Kellett.

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