Invested 4.8 billion to become the second shareholder of Sanan Optoelectronics. Large funds are optimistic about the development of the LED industry.

With the encouragement of national policies and the demonstration of large funds, many provinces, cities and enterprises have also established or are preparing to establish integrated circuit industry funds. According to incomplete statistics, integrated circuit industry investment funds have been established in Beijing, Shanghai, Wuhan, Shenzhen, Gansu, Anhui, Jiangsu, Shandong, Sichuan and other places, with a scale of more than 10 billion yuan.

The high-profile large fund (National Integrated Circuit Industry Investment Fund) once again made large investments.

On June 16, Sanan Optoelectronics announced that in order to introduce partners, Sanan Group, the major shareholder of Sanan Optoelectronics, will transfer 9.07% of its shares in the company to a large fund for a transfer price of 4.8391 billion yuan.

After the completion of this share transfer, the actual controller of Sanan Optoelectronics will remain unchanged, and the large fund will become the company's second largest shareholder.

Since the establishment of the big fund in September last year, every move of the large fund has attracted great attention from the market and is regarded as a benchmark for investment in the integrated circuit industry.

It is reported that large funds have previously invested in Ziguang Group, Semiconductor Manufacturing International Corporation, Changdian Technology, China Microelectronics and other companies, with a total scale equivalent to about 15 billion yuan. With this investment, it has reached nearly 20 billion yuan.

Industry insiders said that with the support of national integrated circuit industry policies and large funds, the integrated circuit industry has ushered in the best development period in history, and the next three years will be the golden three years for China's semiconductor investment.

Invest 4.8 billion to become the second shareholder of Sanan Optoelectronics

After two weeks of trading suspension, Sanan Optoelectronics announced major matters and resumed trading on June 16.

The announcement stated that Sanan Optoelectronics received notice from the company's shareholder Sanan Group on June 15 that Sanan Group and the National Integrated Circuit Industry Investment Fund Co., Ltd. signed a "Share Transfer Agreement" in Beijing.

The agreement stipulates that Sanan Group will transfer the 217 million shares of the company it holds (accounting for approximately 9.07% of the company's total share capital) to the large fund. The transfer price per share is 22.30 yuan per share, and the total amount is approximately 4.8391 billion yuan.

According to data, Sanan Optoelectronics’ main business is the R&D, production and sales of LED epitaxial wafers and chips. Its controlling shareholder is Xiamen Sanan Electronics Co., Ltd., which holds 31.7% of Sanan Optoelectronics’ shares. The company’s actual controller is Lin Xiucheng. According to the announcement, after the share transfer is completed, the actual controller of the company will remain unchanged, and the big fund will become the company's second largest shareholder.

The registered capital of the big fund is 98.72 billion yuan. It was established in September 2014. Its main shareholders include the Ministry of Finance (36.47%), China Development Bank Capital Corporation (22.29%), China Tobacco Corporation (11.14%), Beijing Yizhuang (10.13%), etc. The sole manager of the big fund is Huaxin Investment Management Co., Ltd., and the custodian bank is the China Development Bank.

“This time the National Integrated Circuit Industry Investment Fund is targeting integrated circuit manufacturing, which indicates that large funds are accelerating the layout of the integrated circuit industry chain.” Zhang Fan, a senior researcher in the electronics industry at CITIC Securities, said, “There is no doubt that this large fund’s investment will have a positive impact on the entire integrated circuit industry.”

An industry insider who did not want to be named revealed, "The big fund was established in 2014, and its total investment period is planned to be 15 years, of which the first five years are the investment period, the second five years are the payback period, and the last five years are the fund extension. Similar to other investments, this time the big fund's investment in Sanan Optoelectronics should also have agreed on an appropriate time. Terms of exit. "

"The share transfer agreement we signed with the large fund does not involve the so-called exit mechanism, and the company's controlling shareholder has not mentioned matters related to the exit of the large fund." Wang Qing, secretary of the board of directors of Sanan Optoelectronics, said, "In fact, the shares transferred this time are tradable shares. There are no circulation restrictions. "

"The big fund has become our second shareholder, and the focus is on subsequent cooperation in the integrated circuit industry. The goal is to strengthen and expand the company's integrated circuit business. For details, please refer to the strategic cooperation agreements we signed with Huaxin Investment, China Development Bank, and San'an Group," Wang Qing further said.