San an optoelectronic: major shareholders complete the increase, showing confidence in development

The controlling shareholder, San an group, completed 31 million shares of the company's shares, accounting for about 0.75% of the total share capital of the company.

The company's announcements controlling shareholder, San an group, has completed the plan for increasing its holdings. The holding shareholder, San an group, has accumulated 31 million shares from May 2, 2018 to August 1, 2018, accounting for about 0.75% of the total share capital of the company, with an increase of 622 million and an average of 20.37 yuan per share. After the completion of the increase, the company has a direct holding of 8.61% of the total share capital of the company.

This increase plan is the first increase in three years, which highlights the confidence of the large shareholders at the present stage of the company's development.

The completion of this plan has fully demonstrated the firm confidence of the major shareholders for the future development of the company. The company's 2018H1 capacity has reached 3 million 500 thousand pieces per month, and further expansion will be made in the future according to the market situation. According to the previous plan, the company plans to invest 333 billion compound semiconductors and high-end LED application industry groups in Quanzhou to further improve production capacity, reaching about 27 billion yuan per year after delivery, which is the company's current annual revenue of over 3 times, promoting continuous and rapid growth of the company.

Source: Guoxin Securities

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