LED enterprises rectangular lighting shareholders 185 million or fixed cash arbitrage

And news network on February 24th evening, rectangular lighting announcement that its controlling shareholder, the actual controller Deng Yong holdings 23 million shares, cash more than $185 million. Some analysts believe that the company will increase by about 100 million of the new program has just passed, does not rule out the possibility of major shareholders to sell the old shares set by the possibility of arbitrage.

Bulletin shows that in February 23rd, Deng Zixian through the bulk trading system was reduced, a total of 3.33% of the total share capital of the company. After the reduction of Deng Zixian also holds 35 million 442 thousand and 200 shares of the company shares, representing the company's total share capital of 5.13%, is still the controlling shareholder of the company, the actual controller. Meanwhile, Deng Zixian said that in the next six months, the number of shares sold through the securities trading system does not exceed the total number of shares of the company's total of 5%.

The former ten major shareholders, Deng Zichang, Deng Ziquan, and so on, the total number of shares held by the shareholders of the company, the total share capital ratio of 57.66%, according to publicly available information, the fourth of the actual controller of the company for the of four.

In fact, rectangular lighting recent excellent performance, the performance of the company notice that its 2015 operating income of 1 billion 400 million yuan, an increase of 53.99%; net profit of 100 million yuan, an increase of 99.05%; in addition, the first quarter of 2016 is expected to net profit year-on-year growth of 77.69% over the same period last year profit 7 million 316 thousand and 100 yuan --105.03%. Mainly due to the company's holding subsidiary of Shenzhen Kang Mingsheng science and Technology Industrial Limited by Share Ltd included in the scope of consolidated financial statements.

Rapid growth in the performance of the background, the controlling shareholder why choose at this time to reduce? In this regard, some analysts believe that the above shareholders may be reduced to meet the needs of individual funds. However, some analysts pointed out that the recent, rectangular lighting non-public offering of not more than 100 million shares of the program has been formally approved by the Commission, it does not rule out the controlling shareholder of the old shares to be set by the possibility of arbitrage.

It is understood that, in December 2015, the company will increase the application by the Commission for the issuance of the Audit Committee approved the plan to increase by not more than 100 million shares raised no more than $911 million.

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