One is the leader in the domestic light-emitting diode (LED) industry, and the other is the earliest listed LED company in Taiwan. Sanan Optoelectronics (600703, shares it) (600703) 's shareholding in Canyuan Optoelectronics is a strong alliance.
The announcement shows that Xiamen Sanan Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of Sanan Optoelectronics, intends to use no more than TWD 2.352 billion (approximately 506 million RMB) to subscribe for a private placement by Canyuan Optoelectronics, a company listed on the Taiwan Stock Exchange No more than 120 million private equity shares. After the transaction is completed, Xiamen San'an will become the largest shareholder of Canyuan Optoelectronics with a 19.9% ​​shareholding ratio. Sanan Optoelectronics said that the two sides will carry out all-round cooperation in procurement, production, sales and other links to lay a solid foundation for building a world-class LED enterprise.
It is reported that Canyuan Optoelectronics is one of the earliest listed LED companies in Taiwan, and the company's comprehensive strength ranks second in Taiwan. After a long period of R & D and technology accumulation, Canyuan Optoelectronics has obtained a total of about 190 core patent technologies, of which more than half are invention patents. Canyuan Optoelectronics has strong competitiveness in blue, green, and ultraviolet epitaxial wafers and chips, and has obtained supplier certifications from many international first-class manufacturers, and has strong international market influence and market development capabilities.
San'an Optoelectronics is a leader in the domestic LED industry, and its LED epitaxial wafer and chip production scale ranks first in China. The company has a complete industrial chain, the product range covers upstream chips and downstream applications, and has the advantages of vertically integrated manufacturing and rich market resources. At present, San'an Optoelectronics has nearly 200 patented technologies, and its product performance index ranks the world's leading level.
As of the first half of 2012, Canyuan Optoelectronics had total assets of approximately RMB 4.024 billion and net assets of approximately RMB 2.787 billion. In the first half of the year, its main business income was approximately RMB 500 million and a loss of RMB 46.24 million.
It is understood that the sales market of Canyuan Optoelectronics is mainly in South Korea, Taiwan and other regions. The sales volume in the mainland market is less than 10% of its revenue. Sanan Optoelectronics leads the domestic market with its strong production scale and vertically integrated manufacturing advantages. The cooperation between the two parties in procurement, production, sales and other links will help to consolidate their respective advantages in products and markets, and enhance their international competitiveness in the LED industry.
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