eLaser decides to expand the overall value of long-term strategic objectives to achieve sustainable development, and intends to invest US$ 11,750,000 to obtain GEM Services, Inc. (Cayman) 50,000,000 preferred shares. GEM Services, Inc. has invested in the mainland China for GEM Electronics (Shanghai) Co., Ltd. and GEM Electronics (Hefei) Co., Ltd. which engaged in semiconductor packaging and testing. This long-term equity investment was approved by eLaser¡¦s Board of Directors in April 16, 2012. |
|