Sanan Optoelectronics (600703) continued to ferment and smashed related LED companies in Taiwan. On the day of the suspension on April 2, Sanan Optoelectronics’s intention to invest in the Yuanyuan Optoelectronics fell 1.6 yuan, a sharp drop of 7%.
Sanan, Yuyuan, started in November 2012. At that time, Sanan Optoelectronics announced that its wholly-owned subsidiary, Xiamen Sanan Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Sanan Optoelectronic Technologyâ€) plans to use self-raised funds of no more than 2.352 billion Taiwan dollars (about 506 million yuan) to subscribe. Taiwan-based stock exchange listed company Yanyuan Optoelectronics issued no more than 120 million ordinary shares in private placement. After the completion of the transaction, Sanan Optoelectronics Technology Co., Ltd. will hold approximately 19.9% ​​of the shares of Yanyuan Optoelectronics, surpassing the original major shareholder Mitsui's 15% and become the largest shareholder of Yanyuan Optoelectronics.
Sanan Optoelectronics has not yet made a profit, and it is still in the process of pending trial. The original market is expected to be released in the near future. Unexpectedly, the industry has even worried that the cooperation case will be blocked.
According to Gaogong LED report, Fu Zhenzhen, a spokesman for Yiyuan, said that Sanan is not currently a shareholder of the company. This cooperation case is still undergoing a government review process, and there will be no variables in the follow-up. Description and development; however, in order to respond to the growth of industry demand and future development, the previous board of directors has passed a comprehensive fundraising proposal to retain the company's fundraising flexibility.
Fu Zhenzhen also stressed that Yuyuan’s current debt ratio is low, banks have sufficient quotas, and there is no urgent need for capital demand in the short term. Relevant incident reports have no impact on Huanyuan’s financial business.
Gaogong LED reported that not everyone is optimistic about the cooperation between Yanyuan and Sanan. When I heard about Yuanyuan’s shareholding in the last year, Ye Haofu, the chairman of Everlight, who is known as the LED godfather, allegedly “the sorrow of Taiwanâ€. He believes that this will create a crisis for Taiwan's LED industry, which is equivalent to exposing Taiwan's world-class industries to danger.
The A-share market’s reaction to Sanan’s shareholding in the stock market was also quite cold. After the announcement of foreign investment, Sanan Optoelectronics fell 17.3% in half a month.
In addition, some industry players pointed out that the sharebreaking case is not bad for Yuanyuan, and it is not a merger case. The two sides can still maintain the cooperative relationship. From the observation of the stock price trend, the investors reacted coldly to the cooperation between the two parties and did not see the incentive. Sexual performance. What Yuan Zhen really needs is to find the alliance objects that can provide the seaport, or to use the low-cost equipment that the second-line factory has, in order to make the alliance benefit to the extreme.
Some analysts believe that after the completion of the acquisition, the two companies are expected to play a significant synergy, including patents and technologies, and the mainland market and channels of Sanan Optoelectronics are expected to be further integrated, possibly changing domestic or even Taiwan. LED chip market competition pattern.
On March 29th, the media published "10,000 yuan street light: 20 billion market value Sanan photoelectric truth", reported that the domestic LED epitaxial chip manufacturing company Sanan Optoelectronics purchased street lights, and then sold to the government at a high price and a large number of related transactions are not related, The Wuhu and Tianjin projects are suspected of inflating investment and other issues.
On the same day, Sanan Optoelectronics' stock price reacted sharply. The stock price once fell to a limit, and finally closed down 9.11%, and the trading volume increased significantly. On April 2, Sanan Optoelectronics was not announced due to important matters and temporarily suspended for one day.
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