Lextar shares Pro: CREE into two shareholders, stock price

LED (14) of this factory Lunda will hold a temporary shareholders' meeting, by $83 million (about 511 million yuan) and in the case of private, temporary shareholders after the board meeting, decided the American LED giant CREE (CREE) shares price.

The recent stock price fell below the previous Cree lextar temporarily set into the stock price per share of 30 yuan (NT, the same below, about 6.16 yuan), the market is expected to decline in price, by the Lunda influence, Cree into the stock price may be less than 30 yuan.

Analysis of the industry, Ronda cooperation with Cree, mainly focus on the future layout, Lunda has technology and stability of the sea for many years in small and medium-sized power backlight and LED lighting applications, Cree has advanced technology and industry position in the high power LED component field in recent years, the rapid development of lighting applications market.

By this strategy, the future of Ronda in the field of LED lighting will be able to accelerate development, and make the upstream grain stable sea. Through the mutual licensing of the parties, the future can also share the results of both technology and product research and development, increase the competitiveness of each other.

Cree is previous to 30 yuan per share, a total of $83 million (about 511 million yuan), get a 13% stake in the Lunda, Lunda in today's temporary shareholders' meeting through the private placement. At that time the investment estimate of Cree total amount of about NT $2 billion 500 million (about 504 million yuan), but the recent dollar exchange rate depreciation, stock prices also fell at Ronda, Cree shares of the price may be fine. Cree through the private placement, will become the second largest shareholder after the Lunda, auo.

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