The Korean-owned Feiying Group held a promotion meeting in Hong Kong on the 20th. The company will start offering shares next week. Some Korean-funded and Taiwan-funded funds are interested in subscription. Feiying will be on sale from 29th to March 5th this month. It is scheduled to be listed on March 12th. The company plans to issue 300 million shares, with an offer price ranging from 0.7-0.94 yuan per share, raising funds of 210 million to 282 million yuan. With 4,000 shares in one lot, the entrance fee is 3,797.9 yuan.
The company is a manufacturer of metal components for consumer electronics, with Samsung and LG as its main customers and Fine DNC Korea and Fine Technix listed in Korea.
Feiying said it plans to acquire land in Guangzhou to build a new production base. In addition, the group also stated that it will focus on research and development of production technologies, such as the promotion of compression molding technology. Feiying's metal parts can be used in LCD or LED TVs, laptops and monitors and mobile phones.
In the first eight months of last year, Feiying’s direct and indirect sales to Samsung accounted for 89.2% of total revenue. Despite this reliance on Samsung, Feiying has not signed any long-term purchase contracts with customers. If Samsung delays or suddenly cancels the order, it may not be able to obtain a replacement order in time. However, Feiying also pointed out that the company has ordered more than 300 kinds of molds according to Samsung's specifications. It is difficult for Samsung to find a supplier to replace them in a short period of time.
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16MM Metal Switches
Yeswitch 16MM Metal Switches could be divided into aluminum casing and stainless steel casing and also could be divided into Momentary Switch and self-locking Metal Push Button Switch .
This 16MM series Waterproof Push Button Switch offer a long life expectancy, could used in Industrial control instruments, Medical equipment, Security monitoring equipment, Vehicle peripherals, Audio-visual equipment and Energy storage equipment,etc.
In addition, All casings are made through high-precision lathes, and the polishing and plating are rigorously screened. The metal fittings inside the metal switches are made of brass gold plated material, so the switch can have good conduction function and stable quality after long-term use.
The 16 series illuminated metal switches offer a long life expectancy, water resistance to IP67 ratings, and ring or power symbol illumination.This switch has a 16mm panel cutout size. Additional options include a high, high flat or rounded bezel option, and your choice of a solder lug or wire lead termination.
As for the indicator light , we offer customized service, customers could choose the effect , shape and the color. What is worth mentioning is that our indicator light could offer double color, which could offer our customers more choose in the item of light. Meanwhile, on the item of terminal shape, we could also offer customized service, we have solder terminal and free wire length could choose, 500mm is the normal standard.
This serious metal push button switches are of high quality and reliable products. The switch has passed IP67 dust proof and waterproof certification, which indicates it can be operated in harsh environments. Moreover, all materials could meet the European and American environmental protection requirements , for example, UL and ROHS certificate.
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