Overweight cited dissatisfaction LED, SIEMENS pre sell OSRAM stake

According to Reuters quoted German business report (Handelsblatt), OSRAM's largest shareholder, SIEMENS, plans to sell 17% stake in hand. The report pointed out that SIEMENS intends to stake in the hands of OSRAM, resale to Asian manufacturers.

There is no further details about the Asian manufacturers, but from SIEMENS issued a press release on Tuesday, will be able to observe some clues, the press release revealed that SIEMENS OSRAM's decision to spend 200 million euros to develop white LED, very disappointed, do not support the former subsidiary decision.

In November, OSRAM announced that it will invest in the construction of the LED in Malaysia, OSRAM has been hit by the timing of the largest shareholder and will dilute the profits and to oppose. After the establishment of the news, the stock also fell 25% and hit the company's biggest one-day decline. According to Reuters, OSRAM announced it would invest $1 billion 100 million to build the LED epitaxial plant in Malaysia, 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. "

As a shareholder of OSRAM SIEMENS is not satisfied with the development of OSRAM's recent share price, since OSRAM's policy change, SIEMENS OSRAM shares from the original value of 940 million euros, 680 million euros to shrink the rest.

Please continue to pay attention to LED network update.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).