OSRAM in the horse to build LED chip factory was opposed by shareholders

According to Reuters reported that the German lighting giant OSRAM (OSRAM) announced last week that it would invest in the construction of the LED chip factory in Malaysia, was immediately attacked by the fifth largest shareholder and will not dilute the profits against. After the establishment of the news, the stock also fell 25% and hit the company's biggest one-day decline. According to Reuters, OSRAM recently announced it will invest 1 billion 100 million dollars in the construction of the Malaysia LED chip factory, so that the original investors expected the company to sell in the lighting business, high profit will be fought in the car or street lighting market mengsui.

, the fifth largest shareholder of OSRAM, a joint fund, Michael Muders, said: "shareholders have lost a lot of money and have lost faith in management. "

In the past 4 years, OSRAM has cut its production capacity by cutting its ability to compete with its rivals in Asia over the past 1/5 years. Muders magazine reported earlier that it was "shocked" by the new growth strategy".

On Wednesday, OSRAM announced a new plan, its shares fell 1/4 and hit the company's largest single trading day record. The same day, the trading price of 39.04 euros, down 24% after although 0.7% rebound, but almost did not recover.

"There is no indication that they will consider strategic returns, and we should quit. "Muders says. At the same time, he added, "if the strategy does not change, he will vote against the board at the shareholders' meeting in February next year. "

Attachment: Ma Lan: full support for OSRAM LED chip expansion project

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