Crystal electricity: no merger plan, mergers and acquisitions is rumored

LED chip maker crystal electric yesterday (18) day will be held on the board of directors, to be announced in the afternoon of the acquisition of the news, the stock price to stimulate the emergency trading limit of NT $29.5 price, turnover is more than break through the 70 thousand. However, the merger news, has been denied earlier by crystal spokesman Zhang Shixian.

Zhang Shixian denied market rumors, said only today held a business meeting, stressed that there is no active crystal electric merger or acquisition plan. In December last year, the market had been China LED factory Linsen crystal electric intended merger news, but that has been denied and said senior Linsen, will focus on the bid for OSRAM lighting business, hope to achieve the complementary integration of the supply chain, the second quarter of 2016 is expected to end.

Recently, including LED shares, including electricity, benefit from the new president Cai Yingwen proposed energy policy, the stock price continued to be encouraged to go. Crystal electricity in the past few years to actively adjust the strategy and manpower, the integration of plant resources, coupled with the reduction of inventory and the introduction of new products LED, performance is expected to gradually improve. As to whether there is any further merger plan, there is no clear description of the current crystal electricity.

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