Huacan 1 billion 80 million Hao purchase Aquamarine cut sapphire technology field

28 meeting of the conference will be held in the afternoon, the company set by the company to increase the acquisition and supporting fund-raising program. According to the plan, the sapphire substrate manufacturers langene technology will become a wholly owned subsidiary of the listed company, HC semitek industry will also be extended to the upstream LED industry. In addition, based on the judgment of the future market, the company also intends to extend the tentacles to the field of consumer electronics.

According to the acquisition plan, HC semitek intends to issue shares and to pay cash, price of 1 billion 80 million yuan to acquire 100% stake in Aquamarine technology. Among them, the issuance of a total of 93 million 420 thousand shares (issue price of $9.91 / share), to pay a total of $154 million in cash. In addition, HC semitek also intends to platinum and tiger Zhou Fuyun, Ye Aimin Yang Zhongdong and company executives, the total issuance of 67 million 260 thousand shares (the issuance price of 8.92 yuan / share), not more than 600 million yuan fund-raising to pay cash for the transaction price and the supplement of aquamarine technology project construction, the flow of funds.

According to the disclosure, the crucible of aquamarine technology mastery of drop technology, has provided the ability to meet the technical requirements of the existing 2-4 inch sapphire substrate, and successfully developed 6 inch crystal rod, and will soon be put into mass production. Among them, the company's main product 4 inches product yield over 85%.

At present, China is the second largest LED epitaxial film manufacturer. The Suzhou three period after the completion of the project, the company an annual increase of 4 inch LED epitaxial wafers 656 thousand, which will effectively digest langene technology production capacity of sapphire substrate.

HC semitek director, vice president, deputy general manager Ye Aimin said that after the completion of this transaction, HC semitek from the main business of LED chip manufacturing extended to the upstream of the sapphire crystal growth and sapphire production, achieve synergies on downstream linkage.

In fact, the acquisition of aquamarine technology, in addition to have production capacity of sapphire substrate, HC semitek will also have the foundation and ability to expand consumer electronics applications. The company said that if the outbreak of future demand, the company will be able to rapidly expand new business areas and sources of profit.

From the equity investment projects, after completion, aquamarine technology will achieve 12 million piece of sapphire substrate (equivalent to 2 inches) and 500 thousand pieces of sapphire window material production capacity. The former is mainly used in the production of LED chips, the latter is mainly used in consumer electronics Home key and camera; the two proposed to use the total funds raised 324 million yuan.

It is worth mentioning that, Hua photoelectric 25 daily closed at $5.99 / share, with the fixed price increase upside down. In this regard, Ye Aimin said that the parties to the transaction will strive to make this set by the acquisition and the smooth progress, and try to carry out the original agreement within the scope of the necessary adjustments may be necessary.

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