Fixed increase and shrinking Sanan plans to raise 3.3 billion expansion LED project
On the evening of May 27, Sanan Optoelectronics (600703) announced again that the company plans to raise more than 3.3 billion yuan for the Wuhu Optoelectronics Industrialization (Phase II) project. This amount of funds has been publicly increased by 8 billion yuan compared with the initial version, a decrease of 4.7 billion yuan.
Just after the company’s previous initiative to stop the 6.3 billion yuan issuance plan, the company’s share price rose sharply in the short term. On the 27th, the company's share price rose again, rising 1.15% to close at 21.02 yuan / share.
The plan shrinks twice
The announcement shows that the target of this increase, including the company's actual controller Lin Xiucheng's Sanan Group, and other securities companies, etc., no more than 10 specific targets. The price is 90% of the average price of the company's stock on the 20 trading days before the pricing benchmark, that is, not less than 15.82 yuan / share.
The issuance still needs to be approved by the shareholders' meeting and approved by the China Securities Regulatory Commission. After the issuance, the actual controller Lin Xiucheng is still in a relatively controlling position.
Looking at the past announcements, this is the first three-issue issuance plan of the company in the past two years, which is aimed at the company's Wuhu Optoelectronics Industrialization (Phase II) project. It is reported that in March, the company just announced the termination of the public offering of 6.3 billion yuan; and in April 2011, Sanan Optoelectronics announced that it plans to open additional shares of no more than 210 million shares, raising no more than 8 billion yuan.
Why did you suddenly "reverse" the third version of the program within two months? Recently, Lin Xiucheng, the company's chairman, told the media that because the market is not very good, the public issuance will become a private placement.
A securities industry official said, "At present, the IPO is suspended, and it is difficult to obtain approval for the public issuance. It may be a round-trip strategy to change the quota. It is more difficult to raise the funds than to issue additional funds. Therefore, the company has shrunk to 3.3 billion yuan."
Stock price surge in the short term
The company's fixed increase has been carried out intensively, and the organization has not been idle.
The data shows that the company announced a 6.3 billion yuan increase in the abortion plan, that is, on the evening of March 15, the company's stock price was 13.69 yuan / share. On the 27th, the company's share price has risen to 21.02 yuan / share. If the lowest price of 10.93 yuan / share on April 16th, the company's share price nearly doubled.
Under the surge of company stocks, the company even issued an announcement on the abnormal fluctuation of stock trading on May 18, and disclosed in advance that the company is making a plan for the increase.
One detail worthy of attention is that the Shanghai Stock Exchange's information shows that on May 15th, there were four institutional seats totaling about 170 million yuan of company shares, and the closing price of the day was 16.93 yuan / share.
"This is likely to be the company's smooth progress in order to increase the confidence of the organization to lift the stock price." An analyst in Wuhan guessed.
Contrary to expand LED business
The main business of Sanan Optoelectronics is the LED industry. This industry has long been considered by the market as overcapacity. At this point, the trend is expanding, what is the outlook? According to the company, during the 12th Five-Year Plan period, the annual compound growth rate of China's LED industry will reach 30%. The company must conform to the development trend of the industry and continuously expand its business scale to maintain its leading position in the industry.
This is a moment. Recently, many brokers are optimistic. They believe that the market sentiment is approaching and the performance turning point is gradually determined. The above analysts analyzed that Sanan Optoelectronics has a good resource as an industry leader, and expansion is also a strategy at this time. He also speculated that for this fixed-income plan, Sanan Optoelectronics may have been linked with the agency in the early stage (this article is reprinted by the network, the texts and opinions expressed in the text have not been confirmed by this site, and it does not represent the position of Gaogong LED. Readers need to verify the relevant information. Content.) The source communicates. "It has been changed twice, and the third time should be prepared."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Just after the company’s previous initiative to stop the 6.3 billion yuan issuance plan, the company’s share price rose sharply in the short term. On the 27th, the company's share price rose again, rising 1.15% to close at 21.02 yuan / share.
The plan shrinks twice
The announcement shows that the target of this increase, including the company's actual controller Lin Xiucheng's Sanan Group, and other securities companies, etc., no more than 10 specific targets. The price is 90% of the average price of the company's stock on the 20 trading days before the pricing benchmark, that is, not less than 15.82 yuan / share.
The issuance still needs to be approved by the shareholders' meeting and approved by the China Securities Regulatory Commission. After the issuance, the actual controller Lin Xiucheng is still in a relatively controlling position.
Looking at the past announcements, this is the first three-issue issuance plan of the company in the past two years, which is aimed at the company's Wuhu Optoelectronics Industrialization (Phase II) project. It is reported that in March, the company just announced the termination of the public offering of 6.3 billion yuan; and in April 2011, Sanan Optoelectronics announced that it plans to open additional shares of no more than 210 million shares, raising no more than 8 billion yuan.
Why did you suddenly "reverse" the third version of the program within two months? Recently, Lin Xiucheng, the company's chairman, told the media that because the market is not very good, the public issuance will become a private placement.
A securities industry official said, "At present, the IPO is suspended, and it is difficult to obtain approval for the public issuance. It may be a round-trip strategy to change the quota. It is more difficult to raise the funds than to issue additional funds. Therefore, the company has shrunk to 3.3 billion yuan."
Stock price surge in the short term
The company's fixed increase has been carried out intensively, and the organization has not been idle.
The data shows that the company announced a 6.3 billion yuan increase in the abortion plan, that is, on the evening of March 15, the company's stock price was 13.69 yuan / share. On the 27th, the company's share price has risen to 21.02 yuan / share. If the lowest price of 10.93 yuan / share on April 16th, the company's share price nearly doubled.
Under the surge of company stocks, the company even issued an announcement on the abnormal fluctuation of stock trading on May 18, and disclosed in advance that the company is making a plan for the increase.
One detail worthy of attention is that the Shanghai Stock Exchange's information shows that on May 15th, there were four institutional seats totaling about 170 million yuan of company shares, and the closing price of the day was 16.93 yuan / share.
"This is likely to be the company's smooth progress in order to increase the confidence of the organization to lift the stock price." An analyst in Wuhan guessed.
Contrary to expand LED business
The main business of Sanan Optoelectronics is the LED industry. This industry has long been considered by the market as overcapacity. At this point, the trend is expanding, what is the outlook? According to the company, during the 12th Five-Year Plan period, the annual compound growth rate of China's LED industry will reach 30%. The company must conform to the development trend of the industry and continuously expand its business scale to maintain its leading position in the industry.
This is a moment. Recently, many brokers are optimistic. They believe that the market sentiment is approaching and the performance turning point is gradually determined. The above analysts analyzed that Sanan Optoelectronics has a good resource as an industry leader, and expansion is also a strategy at this time. He also speculated that for this fixed-income plan, Sanan Optoelectronics may have been linked with the agency in the early stage (this article is reprinted by the network, the texts and opinions expressed in the text have not been confirmed by this site, and it does not represent the position of Gaogong LED. Readers need to verify the relevant information. Content.) The source communicates. "It has been changed twice, and the third time should be prepared."
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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