Lextar Electronics Corp Announces Merger of Subsidiaries in Mainland China

Lextar Electronics Corp announced that its wholly owned subsidiaries, two Suzhou-based electronic companies, respectively engaged in the production of light emitting diode (LED) wafer, light bar, and modules (Subsidiary A), and production and sale of cold cathode fluorescent lamp and LED, (Subsidiary B) will merge with each other, for resources allocation and efficency improvement. After the merger, Subsidiary A will survive and Subsidiary B will be dissolved. The merger is expected to be completed in one year.