[Capital Trends] Huacan plans to acquire 1.08 billion blue crystal technology to touch sapphire

[Text / Gaogong LED Huang Yaping] Huacan Optoelectronics (300323), held a general meeting of shareholders on the afternoon of the 28th, passed the company's plan to increase acquisitions and supporting fundraising. According to the plan, the sapphire substrate manufacturer Lanjing Technology will become a wholly-owned subsidiary of the listed company, and the main business of Huacan Optoelectronics will also be extended to the LED upstream industry.

According to the disclosure, Lanjing Technology's self-controlled 坩埚 drop technology has the ability to provide 2-4 inch sapphire substrates that meet the existing technical requirements, and successfully developed 6-inch crystal rods, and will soon be put into mass production. Among them, the company's main product 4 inch product yield rate of more than 85%.

At present, Huacan Optoelectronics is the second largest LED epitaxial wafer manufacturer in China. After the completion of the third phase of the project in Suzhou, the company added 656,000 pieces of 4-inch LED epitaxial wafers each year, which will effectively digest the production capacity of sapphire substrates of Blue Crystal Technology.

From the perspective of this fundraising project, after the production, Blue Crystal Technology will realize the annual production capacity of 12 million sapphire substrates (2 inches) and 500,000 sapphire window materials.

Xinyisan listed company Chuangyijia (832377): It is planned to purchase 100% equity of NVC Lighting Co., Ltd. in Nanjing, Jiangsu Province, at a price of 84.157 million yuan.

Wei Wei (300317), due to the planning of major asset restructuring, the company's stock has been suspended since the market opened on July 8, 2015.

At present, the company and related parties are actively promoting various tasks. The board of directors of the company will hold a meeting after the completion of relevant work to review the relevant proposals for this major asset restructuring. The company's stock continues to be suspended.

Qinshang Optoelectronics (002638), recently received a notice from Qinshang Group, pledges 8,000,000 shares (2.14% of the company's shares) of the company's unrestricted shares to CITIC Securities Co., Ltd. for stock pledge The repurchase business has a pledge period of one year, the initial trading day is September 25, 2015, and the repo trading day is September 25, 2016.

Both parties have gone through the pledge formalities at the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch, and the shares will be frozen and not transferable during the pledge period.

Dongshan Precision (002384), due to major issues being planned, the company's stock has been suspended since the market opened on July 3, 2015.

At present, the company is making every effort to promote the work of this non-public offering of shares. Among them, the first round of due diligence work has been completed.

The preparatory work for the second round of due diligence is currently being advanced. In view of the uncertainties in the relevant matters, the company's shares will continue to be suspended from the market on September 29, 2015.

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