China’s investment company Co-win Capital has attached great importance to LED industry and invested at least 8 projects over the past years. Not as strong as listed companies with sufficient money, many LED enterprises to be listed cannot afford the torture of price war and are forced to withdraw IPO.

There have been 6 LED enterprises to be listed who withdrew their documents since 2012. They are supported by Co-win Capital, IDG, China Gaoxin Investment Group, Shanghai Nano VC, etc. with several hundred million yuan.

The failure of withdrawing IPOs has put PE firms who signed many LED project during the LED boom from 2009 to 2010 in anxiety. With LED industry as an important part of its Rainbow Strategy, Co-win Capital has invested at least 8 LED industry related projects, 6 of which failed to achieve IPO withdrawal.