San an optoelectronics: large shareholders to increase holdings, highlighting confidence in development

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

The company announced that the controlling shareholder of the San an group has completed its holdings plan. The controlling shareholder, the San an group, has accumulated 31 million shares of the company 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 price of 20.37 yuan / share. After the completion of the holdings, the San an group directly held 8.61% of the total share capital of the company.

The holdings plan is the first time that the San an group has increased its holdings for the first time in two years, highlighting the confidence of major shareholders in the company's development at this stage.

The completion of this increase plan fully demonstrates the strong confidence of major shareholders in the future development of the company. The 2018H1 capacity of the company has reached 3 million 500 thousand pieces per month, and will be further expanded in the light of market situation. According to the previous plan, the company plans to invest 333 billion in building compound semiconductor and high-end LED application industry group in Quanzhou to further increase its production capacity. The estimated annual sales revenue can reach about 27 billion yuan after the completion of the production. It is the company's current annual revenue of over 3 times, and promotes the company's sustained and rapid growth.

Source: Guoxin Securities

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