An optoelectronic intends to non-public offering of not more than 208 million shares of LED investment project in Wuhu

Sanan optoelectronics May 27th evening announcement said the company intends to apply for a non-public offering of not more than 208 million 600 thousand shares of A shares. The actual controller of the company, Lin Xiucheng controlled company of Fujian Sanan Group Limited intends to RMB in cash to subscribe for the non issuance of shares, the shares subscribed from the issuance date of the end of may not be transferred within thirty-six months.

The company is currently engaged in LED epitaxy and chip production business is the core of the LED industry chain. With the LED raw material prices back on track and the improvement of technology, LED lighting has a fast start, the LED chip LED lighting market demand is very strong, very large, as LED leading enterprises, the prospects are very bright.

The company will raise funds for investment in the construction of "Wuhu optoelectronic industry (two) project and add liquidity, in line with the objectives of the company's overall strategic development, more conducive to give full play to the company scale, reduce production costs and enhance profitability, to further consolidate the company's position in the industry, continue to strengthen the comprehensive competitiveness of the company in the global photovoltaic field; in line with the company's development goals and the interests of all shareholders, also in line with the national new energy development strategy.

The non-public offering of shares issue price of not less than May 28th (pricing benchmark date) the first 20 trading days of the company's stock trading price of 90%, or $15.82 / share.