[High-tech LED reporter Zhao Hui] terminated the acquisition and reorganization, so that the domestic red-yellow optical epitaxial chip leader dry photo photoelectric (300102.SZ) has entered the blue-green optical chip field with more variables. In desperation, Ganzhao Optoelectronics announced that it will start another stove in Xiamen and purchase MOCVD to produce blue-green optical epitaxial chips.
Gan Zhao Optoelectronics, which was suspended for nearly three months due to major asset restructuring, announced on June 9 that the company would cooperate with the intermediary agencies to obtain the preliminary results of the due diligence of the bidding company and conduct active consultations with relevant parties. The conditions were discussed and communicated in depth, and ultimately no agreement was reached on the relevant important transaction terms. Taking into account the implementation costs and potential risks of the issue of assets purchased by the company, the company decided to terminate the implementation of the matter from the perspective of protecting the interests of the company and all shareholders.
In the announcement, Ganzhao Optoelectronics admitted that under the premise of grasping the development trend of the LED industry, the company has decided to implement the development strategy of entering the LED blue-green optical chip field. While actively planning its own LED blue-green optical chip project, the company decided to actively adopt mergers and acquisitions to achieve epitaxial growth. This time, we plan to reorganize major assets, which is to find a company with certain technical strength, customer base and competitive strength in the field of LED blue-green optical chips, and hope to have synergy with the company.
Although the intended acquisition target was not disclosed, the acquisition target is undoubtedly the blue-green optical epitaxial chip enterprise.
At the same time as the announcement of the termination of the acquisition and restructuring, Ganzhao Optoelectronics also announced that it plans to change part of the use of raised funds and investment in new projects. The proposed fund-raising project is “High-bright Quaternary (AlGaInP) LED Epitaxial Wafer and Chip Project (Xiamen)†and part of the changed investment project is “Efficient Three-junction Arsenide Solar Cell Epitaxial Film Project (Xiamen) )".
Most noteworthy is that the company has indicated that it plans to invest all of the proceeds of the high-brightness quaternary LED epitaxial wafer and chip project (Xiamen) with a total of RMB 87,763,700 and interest on new projects. Construction of blue and green LED epitaxial wafers and chips.
In addition, the raised funds for the plant and supporting construction completed by the original project funded funds amounted to RMB 73,116,300. The company plans to replace it with its own funds, and the above funds will be replaced by the original fundraising account. In addition, considering the construction needs of the new project “Blue, Green LED Epitaxial Wafers and Chipsâ€, the company plans to fully invest this RMB 71,316,300 in the construction of the new project “Blue, Green LED Epitaxial Wafers and Chipsâ€.
The proposed new investment project is the first phase of blue and green LED epitaxial wafer and chip industrialization project. The construction site is located in Xiamen Torch High-tech Zone (Xiang'an) Industrial Zone. The construction period of the project is 1 year, and then enters the operation period. The total investment of the project is 599.956 million yuan, including fixed assets investment of 549.946 million yuan, intangible assets of 3 million yuan, and initial working capital of 51.01 million yuan.
The idea that Dry Photo Optoelectronics intends to change the single red and yellow light business has been around for a long time.
As early as when Zhaozhao Optoelectronics bid for Yangzhou Longyao Optoelectronics assets and equipment, the market determined that it intends to enter the blue-green optical chip market.
Yangzhou Longyao is the base of Shanghai Lanbao in Jiangsu. Prior to the poor management of Shanghai Lanbao, the epitaxial chip equipment has been seized by the court. Long Yao has already withdrawn from the chip market in 2012. There are 6 Aixtron 31 MOCVD machines, mainly producing blue-green optical epitaxial chips.
At that time, the company’s director, Lin Xiaohui, once said that the company acquired the blue-green production assets of Yangzhou Longyao. At that time, it was forming a team to integrate resources and prepare for entering the blue-green business.
At the 2013 annual performance briefing held at the end of April this year, Wang Xiangwu, general manager of Ganzhao Optoelectronics, said: "The company has decided to enter the blue-green field, and believes that the company will have broad prospects in the full-color field in the future."
“The company plans to invest a total of 539.956 million yuan in blue-green LED chip projects, of which 512 are mainly invested in production process equipment, of which 5 Vecco C-four MOCVD epitaxial furnaces are planned to be introduced. The company plans to start trial production early next year. On June 13, after the announcement of the termination of the acquisition, Lin Xiaohui said this when answering the investor's question.
The choice of Xiamen and Xiamen began to increase efforts to support the LED industry this year. It is understood that Xiamen City has given high subsidies and corresponding street lamp orders to Sanan Optoelectronics and Ganzhao Optoelectronics' chip projects in Xiamen.
Although the chip market is still in short supply in the first half of this year, the price has not rebounded, but the price cut has slowed down. With the further production of many large-scale chip expansion projects this year and next, the supply-demand relationship is likely to change back to oversupply, especially for the construction of the dry-lighting blue-green project, which takes one year, plus equipment purchase, commissioning and installation. Mass production, production is expected to be at least until the end of next year.
Whether the market conditions at that time can be as good as those described by Gan Zhao Optoelectronics in the project plan is not known.
Gan Zhao Optoelectronics, which was suspended for nearly three months due to major asset restructuring, announced on June 9 that the company would cooperate with the intermediary agencies to obtain the preliminary results of the due diligence of the bidding company and conduct active consultations with relevant parties. The conditions were discussed and communicated in depth, and ultimately no agreement was reached on the relevant important transaction terms. Taking into account the implementation costs and potential risks of the issue of assets purchased by the company, the company decided to terminate the implementation of the matter from the perspective of protecting the interests of the company and all shareholders.
In the announcement, Ganzhao Optoelectronics admitted that under the premise of grasping the development trend of the LED industry, the company has decided to implement the development strategy of entering the LED blue-green optical chip field. While actively planning its own LED blue-green optical chip project, the company decided to actively adopt mergers and acquisitions to achieve epitaxial growth. This time, we plan to reorganize major assets, which is to find a company with certain technical strength, customer base and competitive strength in the field of LED blue-green optical chips, and hope to have synergy with the company.
Although the intended acquisition target was not disclosed, the acquisition target is undoubtedly the blue-green optical epitaxial chip enterprise.
At the same time as the announcement of the termination of the acquisition and restructuring, Ganzhao Optoelectronics also announced that it plans to change part of the use of raised funds and investment in new projects. The proposed fund-raising project is “High-bright Quaternary (AlGaInP) LED Epitaxial Wafer and Chip Project (Xiamen)†and part of the changed investment project is “Efficient Three-junction Arsenide Solar Cell Epitaxial Film Project (Xiamen) )".
Most noteworthy is that the company has indicated that it plans to invest all of the proceeds of the high-brightness quaternary LED epitaxial wafer and chip project (Xiamen) with a total of RMB 87,763,700 and interest on new projects. Construction of blue and green LED epitaxial wafers and chips.
In addition, the raised funds for the plant and supporting construction completed by the original project funded funds amounted to RMB 73,116,300. The company plans to replace it with its own funds, and the above funds will be replaced by the original fundraising account. In addition, considering the construction needs of the new project “Blue, Green LED Epitaxial Wafers and Chipsâ€, the company plans to fully invest this RMB 71,316,300 in the construction of the new project “Blue, Green LED Epitaxial Wafers and Chipsâ€.
The proposed new investment project is the first phase of blue and green LED epitaxial wafer and chip industrialization project. The construction site is located in Xiamen Torch High-tech Zone (Xiang'an) Industrial Zone. The construction period of the project is 1 year, and then enters the operation period. The total investment of the project is 599.956 million yuan, including fixed assets investment of 549.946 million yuan, intangible assets of 3 million yuan, and initial working capital of 51.01 million yuan.
The idea that Dry Photo Optoelectronics intends to change the single red and yellow light business has been around for a long time.
As early as when Zhaozhao Optoelectronics bid for Yangzhou Longyao Optoelectronics assets and equipment, the market determined that it intends to enter the blue-green optical chip market.
Yangzhou Longyao is the base of Shanghai Lanbao in Jiangsu. Prior to the poor management of Shanghai Lanbao, the epitaxial chip equipment has been seized by the court. Long Yao has already withdrawn from the chip market in 2012. There are 6 Aixtron 31 MOCVD machines, mainly producing blue-green optical epitaxial chips.
At that time, the company’s director, Lin Xiaohui, once said that the company acquired the blue-green production assets of Yangzhou Longyao. At that time, it was forming a team to integrate resources and prepare for entering the blue-green business.
At the 2013 annual performance briefing held at the end of April this year, Wang Xiangwu, general manager of Ganzhao Optoelectronics, said: "The company has decided to enter the blue-green field, and believes that the company will have broad prospects in the full-color field in the future."
“The company plans to invest a total of 539.956 million yuan in blue-green LED chip projects, of which 512 are mainly invested in production process equipment, of which 5 Vecco C-four MOCVD epitaxial furnaces are planned to be introduced. The company plans to start trial production early next year. On June 13, after the announcement of the termination of the acquisition, Lin Xiaohui said this when answering the investor's question.
The choice of Xiamen and Xiamen began to increase efforts to support the LED industry this year. It is understood that Xiamen City has given high subsidies and corresponding street lamp orders to Sanan Optoelectronics and Ganzhao Optoelectronics' chip projects in Xiamen.
Although the chip market is still in short supply in the first half of this year, the price has not rebounded, but the price cut has slowed down. With the further production of many large-scale chip expansion projects this year and next, the supply-demand relationship is likely to change back to oversupply, especially for the construction of the dry-lighting blue-green project, which takes one year, plus equipment purchase, commissioning and installation. Mass production, production is expected to be at least until the end of next year.
Whether the market conditions at that time can be as good as those described by Gan Zhao Optoelectronics in the project plan is not known.
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