Taiwan’s first investment in Taiwan’s LED industry is about to be released in Taiwan.
On August 5, Taiwan’s “Business Times†reported that Taiwan’s “Industrial Bureau of the Ministry of Economic Affairs†had already approved the investment of the mainland enterprise Sanan Optoelectronics Co., Ltd. (600703.SH) to invest in Yuanyuan Optoelectronics, and submitted the review opinions to Taiwan at the end of July. The Ministry of Economic Affairs Investment Review Committee was approved in August at the earliest.
The above transactions have been approved by relevant mainland regulatory authorities.
Fuzhenzhen spokesperson Fu Zhenzhen told the Morning Post reporter yesterday that the company also learned from the media that the "Industrial Bureau" agreed and submitted comments. "If this is the case, under normal circumstances, there should be a result at the end of August. ."
A related person from the Investor Relations Department of Sanan Optoelectronics responded to the Morning Post reporter on August 6th that it is not clear which step has been taken because it is not familiar with the review process in Taiwan.
The result at the end of the fastest month
　　 As the two major LED industry giants in the mainland and Taiwan, the alliance between Sanan and Yuyuan began at the end of last year, but the process was full of twists and turns.
In November 2012, Sanan Optoelectronics announced that its wholly-owned subsidiary, Xiamen Sanan Optoelectronics Technology Co., Ltd., used no more than 2.352 billion Taiwan dollars (about 505 million yuan) to subscribe for no more than 120 million private shares. Ordinary shares, tentatively set at NT$19.6 per share; after the completion of the transaction, Sanan Optoelectronics will become the largest shareholder of Yuanyuan with approximately 19.9% ​​of the shares.
This has also become the first mainland Chinese company to participate in Taiwan's LED manufacturing industry after Taiwan's third phase of open land investment in Taiwan. As the third round of the new LED industry is required to have no control over land resources and must be reviewed by the ad hoc group.
Yan Yuan, chairman of the Board of Directors, praised the transaction at the time, saying that the advantage of the company in the LED industry is the backlight, and the advantage of Sanan lies in LED lighting. Through the cooperation of the two companies, the mainland market can be jointly developed and assisted by Sanan. Optoelectronics enters the global market.
However, the cooperation has caused great controversy on the island of Taiwan. There is a voice in the Taiwanese industry that the LEDs on both sides of the strait are facing overcapacity. The cooperation between Sanan and Yuyuan may not be a win-win model. It is worried that Taiwanese talents will face short-selling. Crisis.
Despite this, the two companies submitted their applications to the Taiwan Ministry of Economic Affairs Investment Review Committee in February this year. However, only two months later, Sanan was exposed to financial scandals, which led to the suspension of the review. Yuyuan also formed a joint venture with the mainland color TV company TCL.
In accordance with the relevant regulations, Taiwan's "Ministry of Economic Affairs Investment Review Committee" will send a letter to the "Industrial Bureau of the Ministry of Economic Affairs" after receiving the application, the latter must hold a review of key technical groups.
Fu Zhenzhen said on the 6th that the review of the "Industrial Bureau of the Ministry of Economic Affairs" is a more crucial step. "If the 'Industrial Bureau' aggregates the information to the 'Appraisal Meeting' at the end of last month, then under normal circumstances, it should be at the end of August. There is a result."
Fu Zhenzhen pointed out that the materials submitted to the 'investment council' include the specific cooperation content of the future parties, such as how to divide the work in the mainland market.
Taiwan's "Business Times" said that the cooperation between Yuyuan and Sanan is an unprecedented case on both sides of the strait. For this reason, not only the Taiwan authorities have strictly checked, but also the Taiwan LED industry will have a great impact on the overall LED industry after the case. High alert.
Taiwan's "Industrial Bureau of the Ministry of Economic Affairs" requires Sanan to promise that it will not be involved in the management team of the company in the future, that is, it should not be appointed as general manager, chief financial officer, chief executive officer and so on.
LED industry is picking up?
It is worth noting that Sanya also increased its capacity expansion in the mainland at the same time when it saw the dawn of investment.
According to the fixed plan announced by Sanan Optoelectronics at the end of May, the planned non-public issuance will not exceed 209 million shares, and the issue price per share will be no less than 15.82 yuan. The raised amount will not exceed 3.3 billion yuan for the industrialization of Wuhu Optoelectronics in Anhui (Phase II) ) Projects and supplementary liquidity.
This is the third time that Sanan Optoelectronics has revised its issuance plan in the past two years. In May 2011, Sanan Optoelectronics shareholders' meeting passed a public issuance plan. It plans to raise no more than 8 billion yuan for Wuhu Optoelectronics (Phase II) and Anhui Sanan. In the industrialization project of optoelectronic LED application products, in September of that year, the 5 billion yuan used for Wuhu Optoelectronics was adjusted to 4 billion yuan. In March of this year, Sanan Optoelectronics said that due to changes in the market environment, the above-mentioned public issuance plan was terminated.
The aforementioned Sanan Optoelectronics said yesterday that the industry has recovered and the fixed increase announced in May is still in the preparation materials. It is expected that the funds raised will be used to purchase MOCVD (LED chip manufacturing equipment).
The Taiwan media quoted data from the Taiwan market research institute Jibang. According to the demand of the global LED lighting market in the first half of the year, the utilization rate of MOCVD equipment of major LED chip manufacturers in mainland China showed a trend of recovery. It also said that Sanan Optoelectronics has a total of 149 MOCVDs. The mass production of MOCVD equipment has reached more than 90%, and the utilization rate has exceeded 80%.
The semi-annual report released by Sanan Optoelectronics on August 6 said that the main business demand for LED chips is strong, and more than 130 MOCVD equipments of its wholly-owned subsidiaries are in full production. According to the semi-annual report, Sanan Optoelectronics' revenue for the first six months of the year increased by 22.13% year-on-year (to a year earlier) to 1.674 billion yuan, and net profit fell by 0.7% year-on-year to 462 million yuan, of which the chip and LED products business had a gross profit margin of 32.75%. This is an increase of 5.51% over the same period last year.
Taiwan's "Wang Bao" commented that the cooperation between the two sides of the LED industry, I am afraid that it is worth trying to solve the current predicament and seek a way out. The two sides have also signed documents such as ECFA and service trade agreements. However, in the cross-strait technology industry, the outside world has not seen specific loosening measures. "It is recommended that the government should have more inspiration in the future, and even evaluate further open land. The possibility of cooperation with Taiwan and Taiwan will expand the space for the survival of the cross-strait technology industry."
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
On August 5, Taiwan’s “Business Times†reported that Taiwan’s “Industrial Bureau of the Ministry of Economic Affairs†had already approved the investment of the mainland enterprise Sanan Optoelectronics Co., Ltd. (600703.SH) to invest in Yuanyuan Optoelectronics, and submitted the review opinions to Taiwan at the end of July. The Ministry of Economic Affairs Investment Review Committee was approved in August at the earliest.
The above transactions have been approved by relevant mainland regulatory authorities.
Fuzhenzhen spokesperson Fu Zhenzhen told the Morning Post reporter yesterday that the company also learned from the media that the "Industrial Bureau" agreed and submitted comments. "If this is the case, under normal circumstances, there should be a result at the end of August. ."
A related person from the Investor Relations Department of Sanan Optoelectronics responded to the Morning Post reporter on August 6th that it is not clear which step has been taken because it is not familiar with the review process in Taiwan.
The result at the end of the fastest month
　　 As the two major LED industry giants in the mainland and Taiwan, the alliance between Sanan and Yuyuan began at the end of last year, but the process was full of twists and turns.
In November 2012, Sanan Optoelectronics announced that its wholly-owned subsidiary, Xiamen Sanan Optoelectronics Technology Co., Ltd., used no more than 2.352 billion Taiwan dollars (about 505 million yuan) to subscribe for no more than 120 million private shares. Ordinary shares, tentatively set at NT$19.6 per share; after the completion of the transaction, Sanan Optoelectronics will become the largest shareholder of Yuanyuan with approximately 19.9% ​​of the shares.
This has also become the first mainland Chinese company to participate in Taiwan's LED manufacturing industry after Taiwan's third phase of open land investment in Taiwan. As the third round of the new LED industry is required to have no control over land resources and must be reviewed by the ad hoc group.
Yan Yuan, chairman of the Board of Directors, praised the transaction at the time, saying that the advantage of the company in the LED industry is the backlight, and the advantage of Sanan lies in LED lighting. Through the cooperation of the two companies, the mainland market can be jointly developed and assisted by Sanan. Optoelectronics enters the global market.
However, the cooperation has caused great controversy on the island of Taiwan. There is a voice in the Taiwanese industry that the LEDs on both sides of the strait are facing overcapacity. The cooperation between Sanan and Yuyuan may not be a win-win model. It is worried that Taiwanese talents will face short-selling. Crisis.
Despite this, the two companies submitted their applications to the Taiwan Ministry of Economic Affairs Investment Review Committee in February this year. However, only two months later, Sanan was exposed to financial scandals, which led to the suspension of the review. Yuyuan also formed a joint venture with the mainland color TV company TCL.
In accordance with the relevant regulations, Taiwan's "Ministry of Economic Affairs Investment Review Committee" will send a letter to the "Industrial Bureau of the Ministry of Economic Affairs" after receiving the application, the latter must hold a review of key technical groups.
Fu Zhenzhen said on the 6th that the review of the "Industrial Bureau of the Ministry of Economic Affairs" is a more crucial step. "If the 'Industrial Bureau' aggregates the information to the 'Appraisal Meeting' at the end of last month, then under normal circumstances, it should be at the end of August. There is a result."
Fu Zhenzhen pointed out that the materials submitted to the 'investment council' include the specific cooperation content of the future parties, such as how to divide the work in the mainland market.
Taiwan's "Business Times" said that the cooperation between Yuyuan and Sanan is an unprecedented case on both sides of the strait. For this reason, not only the Taiwan authorities have strictly checked, but also the Taiwan LED industry will have a great impact on the overall LED industry after the case. High alert.
Taiwan's "Industrial Bureau of the Ministry of Economic Affairs" requires Sanan to promise that it will not be involved in the management team of the company in the future, that is, it should not be appointed as general manager, chief financial officer, chief executive officer and so on.
LED industry is picking up?
It is worth noting that Sanya also increased its capacity expansion in the mainland at the same time when it saw the dawn of investment.
According to the fixed plan announced by Sanan Optoelectronics at the end of May, the planned non-public issuance will not exceed 209 million shares, and the issue price per share will be no less than 15.82 yuan. The raised amount will not exceed 3.3 billion yuan for the industrialization of Wuhu Optoelectronics in Anhui (Phase II) ) Projects and supplementary liquidity.
This is the third time that Sanan Optoelectronics has revised its issuance plan in the past two years. In May 2011, Sanan Optoelectronics shareholders' meeting passed a public issuance plan. It plans to raise no more than 8 billion yuan for Wuhu Optoelectronics (Phase II) and Anhui Sanan. In the industrialization project of optoelectronic LED application products, in September of that year, the 5 billion yuan used for Wuhu Optoelectronics was adjusted to 4 billion yuan. In March of this year, Sanan Optoelectronics said that due to changes in the market environment, the above-mentioned public issuance plan was terminated.
The aforementioned Sanan Optoelectronics said yesterday that the industry has recovered and the fixed increase announced in May is still in the preparation materials. It is expected that the funds raised will be used to purchase MOCVD (LED chip manufacturing equipment).
The Taiwan media quoted data from the Taiwan market research institute Jibang. According to the demand of the global LED lighting market in the first half of the year, the utilization rate of MOCVD equipment of major LED chip manufacturers in mainland China showed a trend of recovery. It also said that Sanan Optoelectronics has a total of 149 MOCVDs. The mass production of MOCVD equipment has reached more than 90%, and the utilization rate has exceeded 80%.
The semi-annual report released by Sanan Optoelectronics on August 6 said that the main business demand for LED chips is strong, and more than 130 MOCVD equipments of its wholly-owned subsidiaries are in full production. According to the semi-annual report, Sanan Optoelectronics' revenue for the first six months of the year increased by 22.13% year-on-year (to a year earlier) to 1.674 billion yuan, and net profit fell by 0.7% year-on-year to 462 million yuan, of which the chip and LED products business had a gross profit margin of 32.75%. This is an increase of 5.51% over the same period last year.
Taiwan's "Wang Bao" commented that the cooperation between the two sides of the LED industry, I am afraid that it is worth trying to solve the current predicament and seek a way out. The two sides have also signed documents such as ECFA and service trade agreements. However, in the cross-strait technology industry, the outside world has not seen specific loosening measures. "It is recommended that the government should have more inspiration in the future, and even evaluate further open land. The possibility of cooperation with Taiwan and Taiwan will expand the space for the survival of the cross-strait technology industry."
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
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