On June 28, Yuyuan held a shareholder meeting and decided to pass a private fund issue, issuing no more than 120 million shares, tentatively setting NT$19.6 per share, and introducing China's Sanan Optoelectronics strategy to form an alliance, but it must be approved by the investment review committee.
The three-year-old LED manufacturer Da'an Optoelectronics has made a wave of twists and turns. Due to the scandal of the financial statements in Sanan in April this year, the review meeting was temporarily suspended. However, it has recently been transferred. It is expected that after the cross-strait service negotiations, after the explanation of the Sanan make-up, the Taiwan Investment Review Board may first open the investment case with "conditional conditions" to pass the precedent.
On the 28th, the shareholders of the Yuanyuan Group passed a private placement to further strengthen international competitiveness and improve overall operational efficiency. Through the private placement model, Yuyuan will introduce international large-scale cooperation. At present, the company is targeting Sanan Optoelectronics and is expected to obtain a 19.9% ​​stake.
Chairman Jian Fengren said that in view of the recent integration trend of the LED industry, in order to enhance international competitiveness, the introduction of estuaries that can expand the sales of the products in the global market, as well as the production of strategic investors who can expand economies of scale and orders, Develop the necessary strategies for the long run.
Jane Fengren pointed out that according to Sanan Optoelectronics' status in the mainland LED industry, it will be able to assist Yuanyuan to expand its sales network in the mainland market. Both parties can expand economies of scale through joint procurement, further reduce manufacturing costs and increase profitability.
In the future, through the capacity allocation of both parties, we will expand our ability to take orders in the international market, further enhance the overall operation scale and position in the international market.
Yan Yuan pointed out that this private use, in order to enrich working capital, repay bank loans or purchase machinery and equipment, in addition to the company's long-term development of capital needs, in addition to strengthening the financial structure, reducing capital costs, can also enhance industrial status and long-term competitiveness.
The three-year-old LED manufacturer Da'an Optoelectronics has made a wave of twists and turns. Due to the scandal of the financial statements in Sanan in April this year, the review meeting was temporarily suspended. However, it has recently been transferred. It is expected that after the cross-strait service negotiations, after the explanation of the Sanan make-up, the Taiwan Investment Review Board may first open the investment case with "conditional conditions" to pass the precedent.
On the 28th, the shareholders of the Yuanyuan Group passed a private placement to further strengthen international competitiveness and improve overall operational efficiency. Through the private placement model, Yuyuan will introduce international large-scale cooperation. At present, the company is targeting Sanan Optoelectronics and is expected to obtain a 19.9% ​​stake.
Chairman Jian Fengren said that in view of the recent integration trend of the LED industry, in order to enhance international competitiveness, the introduction of estuaries that can expand the sales of the products in the global market, as well as the production of strategic investors who can expand economies of scale and orders, Develop the necessary strategies for the long run.
Jane Fengren pointed out that according to Sanan Optoelectronics' status in the mainland LED industry, it will be able to assist Yuanyuan to expand its sales network in the mainland market. Both parties can expand economies of scale through joint procurement, further reduce manufacturing costs and increase profitability.
In the future, through the capacity allocation of both parties, we will expand our ability to take orders in the international market, further enhance the overall operation scale and position in the international market.
Yan Yuan pointed out that this private use, in order to enrich working capital, repay bank loans or purchase machinery and equipment, in addition to the company's long-term development of capital needs, in addition to strengthening the financial structure, reducing capital costs, can also enhance industrial status and long-term competitiveness.
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