- Business
- Wai Chi Holdings Company Limited (1305.HK), an investment holding company incorporated in the Cayman Islands in 1984 and headquartered at 6/F, Liven House, 63 King Yip Street, Kwun Tong, Kowloon, Hong Kong, manufactures and trades light-emitting diode (LED) backlight products, LED lighting products and semiconductor memory chips; provides lighting solutions design, installation and maintenance services; offers energy management solutions; engages in property holding activities; and supplies packaging and testing services together with related products sourcing. The LED backlight products comprise small sizes for smartphones and digital cameras, medium sizes (7-26 inches) for notebook computers, tablets, computer monitors and equipment displays, and large sizes over 26 inches for televisions and automobile on-board displays; the LED lighting products target commercial and public utilities including street lighting; while semiconductor memory chips are traded to support electronic applications. Wai Chi Holdings operates principally through its LED Backlight, LED Lighting and Semiconductor Memory Chips segments, serving business corporations and public utilities in the People's Republic of China, Hong Kong, Taiwan and internationally, with manufacturing facilities in Shenzhen, Huizhou and Yichang in the PRC and approximately 3,500-4,300 employees; the company, a subsidiary of Rexell Technology Company Limited, produces on an original equipment manufacturer (OEM) and original design manufacturer (ODM) basis utilizing comprehensive in-house processes from design and mould production to quality control. In September 2025, an indirect wholly-owned subsidiary entered into a share purchase agreement to acquire the entire shareholding in Joyful Family Consultant Limited, owner of Letu Photoelectric (Huizhou) Company Limited, for HK$155 million in cash from executive director and substantial shareholder Ms. Luk Fong, securing land use rights over approximately 86,118 square metres in Boluo County, Guangdong Province, PRC, to establish a dedicated production facility, expand capacity for LED and semiconductor operations, relocate Shenzhen assembly workshops, reduce third-party reliance, lower costs and support future growth amid demand pressures. The transaction, classified as a major and connected transaction, awaits independent shareholder approval at an extraordinary general meeting and remains subject to completion conditions by 31 December 2025.