Hunan LED leader Xiangneng Hualei Optoelectronics Co., Ltd. was listed on the Hunan Property Rights Exchange recently. It plans to openly collect 5 investors from the public, with a total investment of 163.02 million shares, and plans to raise more than 433 million yuan. The company clearly stipulates the obligations of the intended investor during the period of becoming a company shareholder to the company's listing.
The five investors are divided into five sets: the first file is the company, the number of subscribed shares is 50 million shares; the second file is the fund, the number of subscribed shares is 40 million shares; the third file is the company or fund, and the number of subscribed shares is 3000. The fourth file is the state-owned holding investment company in Hunan Province, with 28,200 shares subscribed; the fifth file is the company, and the number of shares subscribed is 15 million shares. The reserve price is 2.66 yuan / share.
The second main business of Xiangmei Group
Hualei Optoelectronics Co., Ltd. is located in the Nonferrous Metals Industrial Park of Cangzhou City, Hunan Province with a registered capital of RMB 1995.72 million. Xiangmei Group holds 196 million shares, accounting for 98.39% of the total share capital; Zhangzhou Haochen Technology Co., Ltd. holds 3,212,400 shares, accounting for 1.61% of the total share capital. The company's business scope is the epitaxial material products of LEDs; the production of chip devices, LED packages and related application products and the sales of self-products are the strategic investment of Xiangmei Group in accordance with the principle of “coal-based, limited and diversified, comprehensive developmentâ€. The second main business.
Based on the Taiwan team technology and supported by the semiconductor research technology of the Chinese Academy of Sciences, the company currently has 10 MOCVD epitaxial and supporting chip production scales, with an annual output of GaN-based high-brightness LED epitaxy and chip capacity of 264,000.
According to the announcement, as of September 2010, Hualei Optoelectronics has produced a total of 140,800 GaN epitaxial wafers, 4,287 KK chips, operating income of 99.88 million yuan, and profit of 5.71 million yuan. It is estimated that by the end of this year, it will realize an operating income of 176.69 million yuan and a profit of 39.18 million. yuan.
According to the asset assessment report, based on September 30, 2010, the main financial indicators of Hualei Optoelectronics were estimated to be assets totaling 56,759,500 yuan, total liabilities of 36,979,600 yuan, and net assets of 5,309,297,900 yuan.
The shares of Hualei Optoelectronics Co., Ltd. need to share the same price, so the highest price of each file is not the price of the subscription shares. The actual subscription price of each file will be determined by the weighted average method of the highest price of five files. . The reserve price for the share subscription is 2.66 yuan/share.
The company requires that the intended investors should not be a company with a horizontal competitive relationship with Hualei Optoelectronics, and an investor holding more than 5% of the company's shares, and can only subscribe for one of the five shares of Hualei Optoelectronics. The number of shares subscribed is the full number of shares in the file.
Paving for listing
The company has set specific requirements for each investor. Among them, the first investor must be a company incorporated in China with a registered capital of more than 100 million yuan. It has rich experience in equity investment and management, and its listed company has successfully invested in no less than two listed companies; Its parent company belongs to the top 500 Chinese enterprises in 2010 (based on the 2010 ranking of the China Enterprise Confederation and China Entrepreneur Association).
The second-investment fund is an industry-directed fund confirmed by the Hunan Provincial Government and the functional department of the provincial government, or a fund managed by a fund management company confirmed by the functional departments of the Hunan Provincial Government and the provincial government. Should have rich experience in investment management, the fund size is not less than 150 million yuan.
The third investor must be a company or fund incorporated in the territory. The registered capital or fund must be over 100 million yuan. It should have rich experience in investment management. The fourth investor must be a state-owned investment invested in the province. The company must have a registered capital of more than 100 million yuan. With rich experience in equity investment, the company invests no less than two listed companies; the fifth investor must be a domestically registered company, and its registered capital must reach more than 100 million yuan. Has extensive experience in equity investment. Each file will eventually generate only one investor who subscribes to Hualei Optoelectronics.
In addition, the company also requires that after the prospective investor becomes a shareholder of Hualei Optoelectronics, if the company has short-term liquidity requirements and bank loans are difficult, it should provide shareholder financing loans to Hualei Optoelectronics.
After the investor becomes a shareholder of Hualei Optoelectronics, he cannot transfer the equity of Hualei Optoelectronics held by him within one year; during the period of less than 3 years until Hualei Optoelectronics declares the materials for the initial public offering, investors need to transfer their holdings of Hualei. The shareholding of Optoelectronics shall be approved by other shareholders, and other shareholders may not transfer without consent; in the process of Hualei Optoelectronics entering the counseling period to prepare for listing and initial listing, its equity may not be transferred, may not be pledged, and may not be set on the equity. Other rights; if a pledge or other other right is set on the equity, it is released before entering the counseling period. After the listing of Hualei Optoelectronics, it shall abide by the regulations on the lock-up of shares held by investors at the time.
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