How SIEMENS handles OSRAM equity is a mystery!

SIEMENS CEO Joe Kaeser to accept the German Manager Magazin magazine visit, once again stressed that the statement for OSRAM's investment strategy is not known, but also said that SIEMENS has not released any stake in OSRAM.

Kaeser OSRAM shares fell nearly 30% recently expressed dissatisfaction with OSRAM's share price since November 2015 announced a new white LED chip R & D program, it will continue to decline. In November last year, OSRAM announced that it will invest 2 billion euros (NT $71 billion) R & D white LED chip technology, and plans to spend $1 billion (NT $35 billion 800 million) to build a new LED chip factory in Malaysia.

Kaeser said: "of course I am very dissatisfied. OSRAM policy led to a fall in the share price of almost 30%, and the value of SIEMENS shares held by OSRAM evaporated from only 9 million 400 thousand euros to only $6 million 800 thousand. "

Since 2013, OSRAM spin off from SIEMENS, SIEMENS is still holding the largest shareholder of OSRAM, 17% stake in the former subsidiary. Since then, OSRAM shares have risen from 26 euros (NT $929) to more than 55 euros (NT $1966). However, shortly after OSRAM announced the new strategy, the German lighting company's share price as of January 4, 2016, has fallen to 37.81 euros (NT $1351).

Kaesar said SIEMENS did not know the decision for OSRAM. Roland, a member of SIEMENS's board of directors, is also a member of the OSRAM board of supervisors (Busch). As a member of OSRAM's board of supervisors, Busch knows and supports OSRAM's new business strategy. Many industry insiders speculated that he would soon be revealed to OSRAM strategy SIEMENS know.

There is no such thing, whether I am or SIEMENS board of directors have no knowledge of this, Busch eyes only the interests of the OSRAM board of supervisors, and did not disclose to us OSRAM strategy. "

SIEMENS will not disclose to Busch, how to deal with the hands of OSRAM holdings of news.

The magazine also asked whether SIEMENS plans to sell 18% stake in the hands of OSRAM, but so far, SIEMENS has not released any official statement.

"First of all we have to understand OSRAM's intentions and how they will implement the strategy. The only certainty is that OSRAM's strategy to change the market unprepared. "

During the visit, Kaesar was asked OSRAM chief financial officer Klaus Patzak did not support the OSRAM strategy, whether to guide the lighting industry and the investment market in the process of communication, market error interpretation. In response, Kaesar is usually not responsible for the company's communication policy.

But OSRAM chief financial officer Patzak fully supports the company's R & D policy.

(compile: LED net Emma/ proofreading: LED net Linzhi)

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