Sanan Optoelectronics says actual controller detained over embezzlement allegations

  • Sanan Optoelectronics announced Lin Xiucheng’s criminal detention by public security authorities.
  • September 24 was the announcement date concerning the detention.
  • Lin Xiucheng is suspected of occupational embezzlement and misappropriation of funds.

Sanan Optoelectronics, a major Chinese LED chip manufacturer, announced on September 24 that its actual controller, Lin Xiucheng, had been placed under criminal detention by public security authorities. The detention relates to suspicions of occupational embezzlement and misappropriation of funds.

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