The transfer of 4 billion 839 million countries into the second largest shareholder of three industry fund

Xinhua news, June 16th, Sanan Optoelectronics (600703) announcement of the company's second largest shareholder of Fujian Sanan Group Co. Ltd and the national integrated circuit industry investment fund Limited by Share Ltd signed the "share transfer agreement", the three group will hold its Sanan optoelectronics 217 million shares (accounting for about 9.07% of the total share capital) transfer to the national industry fund, the total transfer the amount of 4 billion 839 million yuan.

Today, an optoelectronic connected Sanan group notice, the transfer of 4 billion 839 million yuan three group has received all of its shares, and the formalities for the transfer of the national industrial fund has been completed. National industrial fund officially became the second largest shareholder of the company.

The transfer of the agreement is significant, the national industrial fund investors mainly by the Ministry of finance, the state finance, China tobacco and other government background units, which means that the investment company has a national credit endorsement.

According to the industry's point of view, the focus is shifted to the LED chip production capacity Chinese, domestic production capacity to three other leading manufacturers concentrated. 2015 industry capacity will continue to expand significantly, beyond Taiwan to become the largest producer of LED chips.

The national industrial fund shares Sanan optoelectronics, will be conducive to providing a variety of resources for the company, through the integration of industrial chain, overseas mergers and acquisitions, to further promote the company's rapid bigger and stronger III-V compound semiconductor business, accelerate the pace of development of the internationalization and integration of industry chain layout.

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