Due to the market environment is not optimistic, the scheduled increase project will be terminated. After two months, the market environment will be re-planned. Sanan Optoelectronics (600703.SH) so quickly grasped the market opportunity to make investors somewhat surprised, and this good news was "forced" after the company's stock price continued to change. Market funds seem to have long been "small and moving". As of the 20th, Sanan Optoelectronics has appeared "Jiulianyang". On Wednesday, a number of institutional seats bought shares of the company to push the stock price to the daily limit.
After a few consecutive trading days, Sanan Optoelectronics stock price reached a new high of 20.61 yuan / share on the 20th, and finally closed at 19.56 yuan / share. In the past nine trading days, the increase was as high as 40%. On May 15th, 16th, and 17th, Sanan Optoelectronics' share price rose by 20% for three consecutive trading days. According to relevant regulations, Sanan Optoelectronics announced an abnormal fluctuation in stock trading.
In this announcement, the company stated that there will be no other major asset restructurings, acquisitions, etc. affecting the company's share price in the next three months. However, Sanan Optoelectronics disclosed information on plans to restart the fixed-income project. Sanan Optoelectronics said that the current securities market environment and industry development environment have improved. The company plans to plan a non-public offering of A-shares and timely launch Wuhu Optoelectronics Industrialization (Phase II) project of Anhui Sanan Optoelectronics Co., Ltd. The non-public offering of shares raised funds is still under planning, and it still needs to be reviewed and approved by the company's board of directors and shareholders meeting and approved by the China Securities Regulatory Commission. Whether the matter can be implemented is uncertain.
It is worth noting that the Wuhu Optoelectronics Industrialization (Phase II) project mentioned above was the project that the company decided to terminate in March this year. The reason for the termination is because of “the market environment has changedâ€.
Back in May 2011, Sanan Optoelectronics announced an additional issuance plan, the total amount of funds to be raised is not more than 8 billion, for Wuhu Optoelectronics Industrialization (Phase II) project and LED application product industrialization project, of which Wuhu Optoelectronics Industrialization (Phase II) The investment amount of the project is 5 billion yuan. In August 2011, the company issued another announcement. According to the feedback from the regulatory authorities, the amount of additional issuance will be reduced to 6.3 billion, and the funds raised for the photovoltaic industrialization (Phase II) project will be reduced to 4 billion yuan.
However, the project in Wuhu has not seen progress. In March this year, Sanan Optoelectronics decided to terminate the above-mentioned additional issuance. The company stated that due to changes in the market environment, in conjunction with the company's situation, the company decided to terminate the plan after negotiating with the sponsor institution Ping An Securities, and withdrew the application documents of the plan from the CSRC.
“Overcapacity in the industry and the downturn in the financing market should be the main reason why Sanan Optoelectronics decided to abandon its issuance in March,†an industry analyst said. “Sanan Optoelectronics belongs to the LED upstream industry. In 2012, the entire industry was saturated, and the government also It is not recommended to continue to expand, coupled with the sluggish secondary market last year, under these conditions, Sanan Optoelectronics is not suitable for continuing the issuance project."
However, for a while, the LED industry has rebounded significantly in the near future, and related stocks in the secondary market have also been red, and energy-saving lighting concept stocks are particularly prominent. A number of brokers issued research reports optimistic about the LED industry, that the market sentiment is approaching, the performance turning point is gradually determined. The above analysts told reporters that the government's demand for energy conservation and environmental protection is increasing, and support policies are constantly being introduced, which has become the main driving force for the LED industry to pick up.
At this time, Sanan Optoelectronics plans to restart the additional issuance project is worth pondering. The market capital is also sensitive to smell. Last Wednesday, four-seat institutional seats entered the top five buying list of Sanan Optoelectronics, with a total purchase of 171 million yuan, boosting the stock price limit on the day.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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