Qi Yao officially received the CLP public acquisition plan

CLP will publicly acquire 1 to 160 million shares of Qi Yao, and Qi Yao held a press conference on the 11th. Chairman Ding Jinglong said that he has received a public acquisition plan from CLP. Once the acquisition is established, CLP will be the starter. The major shareholder is also a big customer; Ding Jinglong and the shareholders' confidence, the group will not sell shares, and can not shine.

Qi Yao’s closing price at Xingyi is only 1.4 yuan, still higher than the purchase price of 0.8 yuan per share. Although the major shareholders Chi Mei Industrial and Qi Yao themselves support the acquisition plan, the stock price has not been stimulated; Will sell shares, the group's backlight will continue to be supplied by Rongchuang and Qi Yao.

Ding Jinglong attended the press conference and said that the company's current two major shareholders are Chi Mei Industrial and Innolux. The shareholdings are 39.3% and 23.8% respectively. Chi Mei Industrial has publicly responded to support the acquisition of CLP, with the holding of Chi Mei Industrial. In terms of numbers, it has reached the minimum acquisition threshold of 100 million shares.

Ding Jinglong also said that Qi Yao Optoelectronics has actively transformed in recent years. Although it started with CCFL backlights in the early years, with the LED backlights completely replacing CCFLs, the CCFL department has fully transformed, and a small number of LED lighting products have joined, but there is no access. With the sales pipeline, it is unable to reflect the performance of the revenue, but also because of the transformation, the revenue decline in the first nine months of this year was 37%, only 1.261 billion yuan.

Ding Jinglong believes that in the future, CLP will not only be a major shareholder of Qi Yao, but also an important customer of LED lighting. With the support of two major customers, CLP and Innolux, we should see cooperation benefits soon.

According to the data of the public information observatory, the net loss attributable to the parent company in the first half of the year was 107 million yuan, and the net loss per share after tax was 0.45 yuan; and it was affected by the huge exchange loss in 2011. As of the second quarter of this year, Yao has accumulated a loss of 2.151 billion yuan. Whether the financial improvement will be initiated after the CLP enters the home, it will be the focus of follow-up observation.

After Chimei Industrial expects to sell its shares, the panel and LED industry will fade out. After the acquisition of Innolux, Qi Yao and Qi Li Optoelectronics, the future will focus on ABS.

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