The market selling shares, the major shareholder of the crystal what sorts?

LED lighting demand to grow faster than last year, LED industry to welcome the next wave of growth momentum, crystal electric three consecutive months of record revenue. But when the crystal power struggle broke the first large shareholder equity billion light and UMC, but why sell crystal electric stock at this time?

In June 19th, crystal electric shareholders will debut at once a year, but filled with the atmosphere of the atmosphere, because the scene of the corporate, media and shareholders are waiting to EPISTAR chairman Li Bingjie to answer. Why is the major shareholder of crystal electricity billion light, the United States at this time to take off large holdings? "Li Bingjie as in the past with signs the smile on the face, just heard that the large shareholders held to sell off the question, Li Bingjie could not help but smile," frankly, large shareholders to us saying there is money demand. The official answer is not unexpected, did not answer all questions.

7 years ago, crystal electric a cash capital increase, but the three largest shareholder of Everlight, UMC and Wan Hai dogfight, only to take the crystal electric power; 7 years later, LED lighting business to light color, light, both billion UMC said not to play at this time more than half of the equity, crystal electric unwound, naturally caused uproar in the market. Just before the shareholders' meeting will be held in the crystal a week, a major personnel news from crystal telex: Ye Yinfu, chairman of the board of directors decided to resign from the semiconductor vice chairman. News came out, shocked the LED market. Billion light in 1996 from the shares of crystal electricity, every time the capital increase in the crystal, only one hundred million light behind the support, there is no second words.

Because of crystal electric and billion light are closely relationship between upstream and downstream, for single crystal electric billion in the first big customer, to ensure that the LED grain production capacity, always tie up the crystal electric. Billion light and crystal electric relationship more closely, from Ye Yinfu repeatedly for dominance of crystal electric operation, you can get a glimpse of, also once caused lite and Wan Hai and other major shareholder dissatisfaction, finally found Li Bingjie as chairman, vice chairman Ye Yinfu. It is no wonder that the news of Ye Yinfu's resignation, caused the LED industry a lot of speculation. An anonymous analyst observed, although the largest billion light crystal electric customers, but not necessarily be able to get the cheapest price, plus EPISTAR as upstream grain plant, in recent years, the positive development of wafer level package (Chip Scale Package) technology, down into the packaging market strategy, is bound to be difficult to avoid will become the day after competitors with billion light.

Co evolution? Billion light for the first time in 18 years to sell shares

Although analysts have a point of view, Ye Yinfu also tried to explain, we want to expand production, the need for money. He also stressed that "billion light crystal electric investment over the past 18 years, never sell crystal electric Stocks, this year because of that the LED lighting market opportunities, needs funds to expand production capacity, purchase channel, choose out of crystal electric holdings. "

But the light has always been LED billion profit account cash is king, there are 4 billion 116 million yuan (NT, the same below), even when LED the most dismal, Ye Yinfu can rely on "wring a towel" management style, maintain billion light profit, expansion of money and sell shares that it is difficult to convince people. At this time to sell shares billion light makes the action of speculation and cooperation between crystal electric change, in this regard, Li Bingjie stressed: "it is still billion light crystal electric first big customer", the two sides in the past 18 years, strong partnerships, do not need to tie up funds.

On the other hand, in addition to billion in the sale of crystal electricity holdings, the electricity supplier is also selling crystal electricity holdings. Although the United States has been punished in recent years, the action of crystal Electric Holdings, but this time to sell half of the holdings, the time and coincidentally with the hundred million light election in the same week, has raised concerns of minority shareholders. Even so, UMC's attitude is very clear, "the power to dispose of non core business stock. Said Liu Qidong, chief financial officer. But the fact is that the original UMC plan a crystal electric holding all clearing, big action, let Li Bingjie had to try to persuade the UMC, "is that they don't sell at the same time and billion light crystal electric stock. UMC is to face Li Bingjie, originally intended to sell all the shares plan to sell half of "compromise" ownership, finally elected in June 16th, with huge trading hours, 10500 pieces of crystal electric stock sold.

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