Shanghai Stock Exchange issued an inquiry to Suqian Liansheng Technology Co.
after the company proposed to jointly invest 10 mln yuan to establish a JV for
R&D, production and sales of indium phosphide (InP) substrates. The exchange
asked the company to disclose detailed construction arrangements and to explain
whether it is feasible to complete an annual 120,000 4-6-inch InP wafer
production line within 10 months, taking into account progress on pre-approvals,
planning and construction permits, and supply of core equipment.
