Rumors: PHILPS into the crystal into a single largest shareholder?

The market was leading LED epitaxial crystal electric issued in August this year, nearly $250 million in convertible bonds (ECB), by the international giant PHILPS to get the full, if converted into ordinary shares, accounting for about 10.98% of the equity crystal electric, PHILPS will thus become the largest shareholder in crystal electric.

PHILPS can ensure the source of epitaxy

Insiders pointed out that such an international manufacturer of PHILPS, the next year, the supply of epitaxial tight, it is possible to ensure the supply of strategic investment. After all, if the establishment of its own epitaxial plant, need to spend billions or even tens of billions of dollars (NT, the same below), but also to face the price of at least a year down 15-20% dilemma.

Find the sea crystal electric products

In terms of crystal power, PHILPS's lighting path is complete, and can digest the crystal power capacity. Insiders said that international companies already rely on the four yuan red crystal electric capacity, and generally optimistic about the lighting demand next year, the blue chip demand forecast is also great, PHILPS will be able to consume more than half of the blue crystal electric capacity (equivalent total capacity of more than 2).

Crystal electricity spokesman Zhang Shixian said, PHILPS all buy should belong to market rumors, convertible bonds have a list of placing, but the subsequent sale of the market situation is unknown.

Convertible premium of more than 30%

Crystal electric August 2nd announcement issued $250 million of convertible bonds, the conversion price per share of 65.13 yuan, when the crystal electric closed at 49.65 yuan, the convertible bond premium of more than 30%, then the market rumors that, crystal electric has been the introduction of strategic investors, will be higher than the price of a price of convertible bonds, that go.

If PHILPS took the crystal electric convertible bonds are true, PHILPS will hold 10.98% stake in crystal electricity, as the largest shareholder, the largest shareholder of the Nanshan life, holding a stake of 7.82%, is a financial investment. Close cooperation strategy investor LED packaging plant billion light book holding 4.06%. Li Bingjie, chairman of the board and general manager of crystal electricity, holding no more than 0.2% of the total amount of up to $.

In fact, over the past two years, LED industry time is bad, a few degrees to crystal electric introduction strategy and investment partners, to ensure that the downstream of the sea. The outside world has been speculated that large customers such as PHILPS, OSRAM and singular who will stake, was also involved in the intention to participate in china. However, the electricity is the leading technology in Taiwan LED, the role of special, not to allow foreign ownership has a dominant. On the other hand, the major shareholder of the crystal power, including UMC, Lite billion light department, etc.. Crystal electric repeatedly said that although the introduction of strategic investment, but the idea may be contrary to the intention of the sister, so the annual plan is also proposed to increase the bureau.

Now change next year LED lighting needs good, including research institutions LEDinside, crystal electric itself and another domestic epitaxial factory in the new century are estimated, the excess over the past two years the global epitaxial production capacity will reach equilibrium in the second half of next year. In other words, the international giants such as PHILPS, OSRAM, etc., may not be as easy as in the past, easy to use cheap prices to obtain high grade crystal power.

LED manufacturers prefer downstream integration to enhance added value. For example, OSRAM merger for global commercial landmark lighting lighting factory, Traxon billion light year only spend 400 million yuan acquisition of Germany Wofi lamps factory, Q3 revenue contribution of over 700 million yuan.