XiangNeng Hualei optoelectronic capital of over 400 million yuan in Hunan LED prove safety market leading

Hunan led leading XiangNeng listed on the Hunan property exchange Hualei photoelectric Ltd. day ago, intends to publicly call 5 investors, total capital of 163 million 20 thousand shares, fund-raising 433 million yuan. The Company expressly provides that the intention of investors to become shareholders of the company to the company during the listing obligations.

5 investors 5stages settings: first gear for the company, to subscribe for 50 million shares; the second is the fund, subscription of shares for 40 million shares; the third company or fund subscription of 30 million shares; fourth stalls for the Hunan province state-owned investment holding company shares 28 million 20 thousand shares, the number of article; 5 for the company, to subscribe for 15 million shares. Subscription price of 2.66 yuan / share.

The second main Hunan Coal Group

Hualei optoelectronic is located in Chenzhou City, Hunan province nonferrous metal industrial park, the registered capital of 199 million 597 thousand and 200 yuan. Hunan coal group holds 196 million shares, accounting for 98.39% of the total share capital; Chenzhou Jun Chen Technology Co. Ltd holds 3 million 212 thousand and 400 shares, accounting for 1.61% of the total share capital. The business scope of the company for the epitaxial material of light-emitting diode chip products; production device, LED packaging and related products and application to product sales, is Hunan Coal Group in accordance with the "coal based, diversified and Comprehensive Development Co., a strategic investment to build second industry.

Company on the basis of the Taiwan team in the Chinese Academy of sciences research technology, semiconductor technology, currently has 10 sets of MOCVD epitaxial chip and supporting the production scale, the annual production capacity of GaN based LED epitaxial chip, highlighting 264 thousand tablets.

According to the announcement, as of September 2010, Hua Lei optoelectronics has a total production of GaN epitaxial wafers 140 thousand and 800, 4287KK chip, operating income 99 million 880 thousand yuan, profit of 5 million 710 thousand yuan, is expected to achieve operating income of 176 million 690 thousand yuan at the end of this year, a profit of 39 million 180 thousand yuan.

Asset evaluation report shows that in September 30, 2010 as the base date, the main financial indicators data Hualei optoelectronic assessed for total assets of 567 million 905 thousand and 500 yuan, total liabilities 36 million 977 thousand and 600 yuan, net assets of 530 million 927 thousand and 900 yuan.

The Hualei optoelectronic capital increase shares for shares, the highest price for each file as a subscription price of the shares, the actual subscription price for each file will be the highest offer five files using weighted average method to determine the final. Share subscription price of 2.66 yuan / share.

Company, the investor shall not have intention of competition between the industry and Hualei optoelectronic companies, and investors holding more than 5% stake in the company, and only five shares subscription Hua Lei photoelectric in a number of shares subscribed, full of the file.

Pave the way for the listing

Company of each file are set to the specific requirements of investors. Among them, the first tranche of investors must be registered within the company, the registered capital of 100 million yuan, has a wealth of equity investment and management experience, or its parent company has successfully invested listed companies not less than 2; or its parent company within the top 500 enterprises in 2010 China enterprise (in China business Association Chinese, Entrepreneurs Association ranked in 2010.).

Second industrial property fund investors to guide the Hunan provincial government, the provincial government departmental has confirmed, or the government of Hunan Province, the provincial government is confirmed by the functional departments with industry leading nature of the fund management company of the fund, should have rich experience in the investment management, fund size not less than 150 million yuan.

Third investors must be incorporated within the territory of the department or the fund, registered capital or fund size must reach more than 100 million yuan, should have rich experience in the investment management department of the province; fourth stalls investors must be incorporated in state-owned investment company, the registered capital must reach more than 100 million yuan. Have rich experience in equity investments, the company's investment in the listed companies is not less than 2; the fifth investors must be registered within the company, its registered capital must reach more than 100 million yuan. Rich experience in equity investment. Each file will eventually produce only one to subscribe for the shares of China Lei optoelectronics investors.

In addition, company also requires investors to become shareholders intent Hualei optoelectronic, if the company has short-term liquidity demand and bank loan difficulties, shareholders should provide loan financing to Lei optoelectronics.

Hualei optoelectronic investors to become shareholders, not 1 years to transfer its holdings Hua Lei photoelectric equity; over 1 years under 3 years to declare Hualei photoelectric IPO materials, if investors need to transfer its holdings Hua Lei photoelectric equity, shall obtain the consent of the other shareholders agree without the consent of the other shareholders, shall not transfer in China; Lei optoelectronics entered the counseling period to prepare for listing and start the listing process, its shares may not be transferred, shall not pledge, he shall not set any rights in the equity; as in the equity set or other rights of his pledge, released in the period before enter counseling. After the listing of the company in the market, should comply with the provisions of the implementation of the listed company shares held by investors.