Gan Zhao Optoelectronics (300102) issued an announcement on the evening of November 5th that some of the company's shareholders will not renew the concerted action agreement. A stone stirred up a thousand waves. On the 6th, the dry photo was down more than 2%, but at 10:50, the strong buying suddenly pulled up the company's stock price, which once rose more than 5%, but it fell back in the end, and it rose slightly throughout the day. Closing; the stock price fell again the next day, and the long and short Boss was fierce.
Because dry photo optoelectronics is currently facing a situation without actual control. According to past experience, listed companies without actual controllers are often prone to competition for control. Once they are placarded, they will trigger a rise in stock prices.
Suspected that Wang Weiyong reduced the paving
The announcement issued by Ganzhao Optoelectronics recently showed that the company’s original controllers, Deng Dianming, Wang Weiyong and Wang Xiangwu, were three people acting in concert, holding a total of 134 million shares of the company, accounting for 45.26% of the company’s total share capital. Since the establishment of the company, the above three people signed the "Consensus Action Agreement" on July 15, 2009, based on the company's business decision-making and management considerations. The agreement is valid for 36 times from the date of the company's initial public offering of RMB ordinary shares and listing. The month has expired on August 12, 2013. Recently, through friendly negotiations and communication between the three parties, they jointly decided not to renew the "Consensus Action Agreement" and jointly control the relationship.
At present, Deng Dianming and Wang Weiyong hold 5,037,300 shares of the company, accounting for 16.97% of the company's total share capital; Wang Xiangwu holds 33,382,200 shares, accounting for 11.32% of the total share capital. The proportion of shares held by a company's individual shareholders does not exceed 30% of the company's total share capital. At the same time, no shareholder of the company can determine the selection of more than half of the company's board of directors and major events of the company by actually controlling the voting rights of the company's shares. Therefore, the company currently has no actual controllers.
In fact, the reporter noted that on October 25, before the agreement was lifted, Wang Weiyong, the company's deputy general manager, proposed to resign as deputy general manager, but still served as a company director.
As a veteran of the company, Wang Weiyong has been a company since February 2006. Prior to this, he was the production manager of Xiamen Tsann Kuen Industrial Co., Ltd. and the general manager of Xiamen Jinluwang Paper Co., Ltd. Because of the above experience, "Wang Weiyong and Xiamen's industrial and commercial circles are quite social," according to people familiar with the matter. "When the company started its business, Wang Weiyong invested millions of dollars for the first time. With the subsequent capital increase, he owns shares. More and more. But he is at most an angel investor." Therefore, Wang Weiyong's resignation and the subsequent dissolution of the "Consensus Action Agreement" can be seen as paving the way for its smooth shareholding.
Or control dispute
After the settlement of the agreement, the company holds the largest number of shares in the chairman Deng Dengming. Although Wang Weiyong holds the number one position, but considering its possibility of reducing its holdings, Wang Xiangwu, who currently holds the third largest number of shares, may be in Wang Weiyong. After the reduction, it rose to the second largest shareholder.
In fact, because Wang Xiangwu holds 37.29% of the shares of Xiamen Ganyu Optoelectronics Technology Service Co., Ltd. (hereinafter referred to as “Qianyu Optoelectronicsâ€), Ganyu Optoelectronics holds 8.85 million shares of Ganzhao Optoelectronics, which means that Wang Xiangwu indirectly holds With 3.3 million shares, Wang Xiangwu’s direct and indirect holdings totaled 36.682 million shares, which is only 13.3911 million shares with Deng’s shareholding. According to the current share price of 9 yuan, Gan Xiangwu only needs to spend 120 million yuan. , you can sit on the first chair.
In addition, from the third quarterly report of Zhanzhao Optoelectronics, the overseas legal person SEQUOIA CAPITAL CHINA II HOLDINGS, SRL, Ye Sunyi, Xiamen Ganyu Optoelectronic Technology Service Co., Ltd., Zheng Shunyan, Changsheng Tongde Theme Growth (519039, Fund Bar) Fund, Gao Chongmei and Li Dan The fourth to the tenth largest shareholder, the shareholding ratio is below 5%.
Relevant information shows that the core personnel of the management team of Ganzhao Optoelectronics is Chairman Deng Deming and Director and General Manager Wang Xiangwu. Wang Xiangwu is a well-known domestic optoelectronic industry expert with more than 20 years of experience in R&D and industrial production management. Before entering the company, Wang Xiangwu served as deputy general manager and chief engineer of Sanan Optoelectronics Co., Ltd. (600703, shares). At that time, Deng Xiaoming was the general manager of Sanan Optoelectronics. Wang and Deng, as old colleagues, set up a business together. It can be said that the two people are quite affectionate to the dry photo and optoelectronics. In the current situation where the actual controller is absent, the possibility of the two competing for control is not ruled out.
Another possibility: being merged?
In 2010, Ganzhao Optoelectronics, which is listed on the GEM, is one of the few companies in China that produces quaternary LED epitaxial wafers, chips and space for three-junction gallium arsenide solar cell epitaxial wafers. However, in the past two years, the performance of the company has not been satisfactory. In 2012, the company achieved a net profit of 108 million yuan, down 39.02% year-on-year; as of the end of the first three quarters of this year, the company achieved net profit attributable to shareholders of listed companies of 77.447 million yuan, down 11.21% year-on-year.
Compared with the current LED faucet Sanan Optoelectronics, Ganzhao Optoelectronics has a strong advantage in red-yellow LED epitaxial growth and chip processing technology, while Sanan Optoelectronics focuses on blue-green light. At present, the total market value of Ganzhao Optoelectronics is only 2.6 billion, and the total market value of Sanan Optoelectronics is close to 30 billion. Both companies are located in Xiamen, Fujian Province. At the same time, the chairman of Ganzhao Optoelectronics also came out from Sanan Optoelectronics. Under the current situation that the actual controller of Ganzhao Optoelectronics is absent, it will undoubtedly give Sanan Optoelectronics an excellent opportunity for merger and acquisition.
(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.)
Because dry photo optoelectronics is currently facing a situation without actual control. According to past experience, listed companies without actual controllers are often prone to competition for control. Once they are placarded, they will trigger a rise in stock prices.
Suspected that Wang Weiyong reduced the paving
The announcement issued by Ganzhao Optoelectronics recently showed that the company’s original controllers, Deng Dianming, Wang Weiyong and Wang Xiangwu, were three people acting in concert, holding a total of 134 million shares of the company, accounting for 45.26% of the company’s total share capital. Since the establishment of the company, the above three people signed the "Consensus Action Agreement" on July 15, 2009, based on the company's business decision-making and management considerations. The agreement is valid for 36 times from the date of the company's initial public offering of RMB ordinary shares and listing. The month has expired on August 12, 2013. Recently, through friendly negotiations and communication between the three parties, they jointly decided not to renew the "Consensus Action Agreement" and jointly control the relationship.
At present, Deng Dianming and Wang Weiyong hold 5,037,300 shares of the company, accounting for 16.97% of the company's total share capital; Wang Xiangwu holds 33,382,200 shares, accounting for 11.32% of the total share capital. The proportion of shares held by a company's individual shareholders does not exceed 30% of the company's total share capital. At the same time, no shareholder of the company can determine the selection of more than half of the company's board of directors and major events of the company by actually controlling the voting rights of the company's shares. Therefore, the company currently has no actual controllers.
In fact, the reporter noted that on October 25, before the agreement was lifted, Wang Weiyong, the company's deputy general manager, proposed to resign as deputy general manager, but still served as a company director.
As a veteran of the company, Wang Weiyong has been a company since February 2006. Prior to this, he was the production manager of Xiamen Tsann Kuen Industrial Co., Ltd. and the general manager of Xiamen Jinluwang Paper Co., Ltd. Because of the above experience, "Wang Weiyong and Xiamen's industrial and commercial circles are quite social," according to people familiar with the matter. "When the company started its business, Wang Weiyong invested millions of dollars for the first time. With the subsequent capital increase, he owns shares. More and more. But he is at most an angel investor." Therefore, Wang Weiyong's resignation and the subsequent dissolution of the "Consensus Action Agreement" can be seen as paving the way for its smooth shareholding.
Or control dispute
After the settlement of the agreement, the company holds the largest number of shares in the chairman Deng Dengming. Although Wang Weiyong holds the number one position, but considering its possibility of reducing its holdings, Wang Xiangwu, who currently holds the third largest number of shares, may be in Wang Weiyong. After the reduction, it rose to the second largest shareholder.
In fact, because Wang Xiangwu holds 37.29% of the shares of Xiamen Ganyu Optoelectronics Technology Service Co., Ltd. (hereinafter referred to as “Qianyu Optoelectronicsâ€), Ganyu Optoelectronics holds 8.85 million shares of Ganzhao Optoelectronics, which means that Wang Xiangwu indirectly holds With 3.3 million shares, Wang Xiangwu’s direct and indirect holdings totaled 36.682 million shares, which is only 13.3911 million shares with Deng’s shareholding. According to the current share price of 9 yuan, Gan Xiangwu only needs to spend 120 million yuan. , you can sit on the first chair.
In addition, from the third quarterly report of Zhanzhao Optoelectronics, the overseas legal person SEQUOIA CAPITAL CHINA II HOLDINGS, SRL, Ye Sunyi, Xiamen Ganyu Optoelectronic Technology Service Co., Ltd., Zheng Shunyan, Changsheng Tongde Theme Growth (519039, Fund Bar) Fund, Gao Chongmei and Li Dan The fourth to the tenth largest shareholder, the shareholding ratio is below 5%.
Relevant information shows that the core personnel of the management team of Ganzhao Optoelectronics is Chairman Deng Deming and Director and General Manager Wang Xiangwu. Wang Xiangwu is a well-known domestic optoelectronic industry expert with more than 20 years of experience in R&D and industrial production management. Before entering the company, Wang Xiangwu served as deputy general manager and chief engineer of Sanan Optoelectronics Co., Ltd. (600703, shares). At that time, Deng Xiaoming was the general manager of Sanan Optoelectronics. Wang and Deng, as old colleagues, set up a business together. It can be said that the two people are quite affectionate to the dry photo and optoelectronics. In the current situation where the actual controller is absent, the possibility of the two competing for control is not ruled out.
Another possibility: being merged?
In 2010, Ganzhao Optoelectronics, which is listed on the GEM, is one of the few companies in China that produces quaternary LED epitaxial wafers, chips and space for three-junction gallium arsenide solar cell epitaxial wafers. However, in the past two years, the performance of the company has not been satisfactory. In 2012, the company achieved a net profit of 108 million yuan, down 39.02% year-on-year; as of the end of the first three quarters of this year, the company achieved net profit attributable to shareholders of listed companies of 77.447 million yuan, down 11.21% year-on-year.
Compared with the current LED faucet Sanan Optoelectronics, Ganzhao Optoelectronics has a strong advantage in red-yellow LED epitaxial growth and chip processing technology, while Sanan Optoelectronics focuses on blue-green light. At present, the total market value of Ganzhao Optoelectronics is only 2.6 billion, and the total market value of Sanan Optoelectronics is close to 30 billion. Both companies are located in Xiamen, Fujian Province. At the same time, the chairman of Ganzhao Optoelectronics also came out from Sanan Optoelectronics. Under the current situation that the actual controller of Ganzhao Optoelectronics is absent, it will undoubtedly give Sanan Optoelectronics an excellent opportunity for merger and acquisition.
(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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