New Holding Company of Epistar and Lextar Named ENNOSTAR

Epistar and Lextar, the two LED companies in Taiwan said that they are forming a new holding company via share conversion with the aim to strengthen Micro LED and Mini LED display technology and business. The new holding company is now named ENNOSTAR, revealed Epistar in its announcement following the agreement of both companies.

The share conversion ratios of two companies are set at one share of Epistar for 0.5 ordinary share of ENNOSTAR, and one share of Lextar for 0.275 ordinary share. An extra ordinary shareholders meeting and the promoter’s meeting of the new company will be held on August 7, 2020. At the meeting, the two companies will elect the members of the board of director and supervisors of ENNOSTAR. Epistar is expected to represent three seats in the board of director and Lextar two. The Chairman will be assigned by Epistar and Lextar appoints Vice Chairman.

ENNOSTAR will intensify investment of Mini LED and Micro LED display technology development as well as intelligent sensing and III-V semiconductor microelectronics. TrendForce estimates that Epistar and Lextar will collectively account for 12.43% of the global LED chip production capacity after the formation of the holding company.

By integrating resources and expertise of both companies, ENNOSTAR enables Epistar and Lextar to leverage their strength to accelerate Micro LED and Mini LED technology applications. In addition, they can jointly bear the burden of new equipment investment for the innovative display technologies to lower the operational risk, helping them gain a foothold in the market.