LED production capacity to upgrade the competitiveness of listed companies by the funds sought

In January 4th A A-share market two LED production giant Sanan optoelectronics, Silan coincidentally announced a new investment expansion plan. A new round of capacity expansion competition continues to intensify, investors are clearly looking forward to this, two of the company's share price has been touted.

4, Silan launched directional fund-raising plan, to be not less than 8.82 yuan / share placement price of not more than 600 million yuan to raise funds for expansion, and add liquidity high brightness LED chip production line project, of which 500 million yuan for the purchase of new production equipment 312 sets, the expansion of the LED chip production line the new extension, 570 thousand tablets / year, and the new chip 7 billion 200 million grains / year. After the implementation of the project, implementation of the new high brightness light-emitting diode (LED) chip can Silan 600 million particle / month, wafer production capacity of 47 thousand and 500 pieces per month.

Have to seize the initiative in the national LED production layout in Sanan optoelectronics is not resigned to playing second fiddle. 4, Sanan optoelectronics will once again announced the establishment of a wholly owned subsidiary in Anhui, Wuhu with its own funds 50 million yuan, the construction of new production base LED. This is the recent Sanan optoelectronics layout of the third production base of LED. In October 2009, three optical by way of private placement to raise funds 800 million yuan for the construction of Tianjin LED base, December to land shares of Hubei LED industry base in Jingzhou.

Two companies have said that the purpose of fund-raising expansion is to improve production capacity, improve market share, to meet the needs of the development of the LED market, to consolidate the company's leading position in the industry. For the expansion of the two leading LED company plans to market investors are full of expectations. An opening 4, Silan shares directly toward the limit price of 12.40 yuan / share, and continued until the close trading board has not been opened. The stock has repeatedly hit record highs yesterday as Sanan optoelectronics has been in hot pursuit of investors, the company in the afternoon of the 4 day limit price of 58.03 yuan hit a new high.