Sanan Optoelectronics wants to spend 9.3 billion yuan in senior management for two years.

On October 25, Sanan Optoelectronics announced that four directors and senior executives including Qi Hongzhu and Huang Zhijun bought 528,800 shares of the company on the 24th, and the transaction price was 11.70 yuan/share-11.90 yuan/share. It indicates that executives buy stocks based on their current development status and sustainable development in the future, and may continue to increase their holdings in the future.

Sanan Optoelectronics, which has increased its shareholding in the stock price, has also hit a "cardiotonic agent". In fact, Sanan Optoelectronics has frequently issued government subsidies and orders for announcements in the near future. It is considered to be the lifting of the restricted shares on the 14th. The escort was escorted, and although the ban was held on the same day, it did not break the golden body, but on the 18th it had fallen below the additional price of 13.55 yuan, and the lowest touched 11.41 yuan. As for the 8 billion public offerings that started in April, there is still no news after the total fundraising has been lowered.

Two years of planning to spend 9.3 billion senior executives frequently leave

Sanan Optoelectronics has not only experienced a substantial increase in its third-quarter results, but also major project orders, government subsidies, government orders, etc., but the appearance is bright and there is an undercurrent.

On October 11, Sanan Optoelectronics announced that the net profit attributable to owners of the parent company will increase by more than 110% in the first three quarters of 2011. On the same day, the company also disclosed that the company’s 60%-owned subsidiary, Nikken Solar and US EMCORE Signed the "Solar Solar Concentrating Photovoltaic Development Agreement". In September, the company also disclosed a total of 1.6 billion yuan of LED big orders, and a total investment of 2.5 billion yuan in Fujian Quanzhou (Hutou) Photovoltaic Industrial Park investment in sapphire substrate research and development and manufacturing projects. Although the 220 million restricted shares were lifted, the company’s real intention may be an open public offering.

On April 13, Sanan Optoelectronics Board of Directors reviewed and approved the proposal to openly issue no more than 210 million shares and raise funds totaling no more than 8 billion yuan. The funds raised will be applied to Wuhu Optoelectronics Industrialization (Phase II Project) and Anhui Sanan Optoelectronics Co., Ltd. The company's LED application product industrialization project, the total investment of the two projects is about 9.125 billion yuan.

When the bill came out, it was a big uproar. It was only half a year after the company just completed the last round of financing, and the scale of the previous financing was 3 billion. The time went back to February 2009, and the company announced that the non-public issuance should not exceed 800 million invested in the construction of the Tianjin LED industry base, and the total amount of fundraising reached the upper limit of the issuance plan and was finally put on hold.

After the release of the refinancing plan, Sanan Optoelectronics' stock price fell for three consecutive days. This time, not only has the financing scale more than doubled, but the financing method has also shifted from the original private placement to the public. Although the disputes continued, the financing plan passed the review of the shareholders' meeting. At the annual general meeting of shareholders on May 6, the votes in favor reached 99.12% of the number of votes, and the number of votes was passed.

However, the progress has not been smooth since then. On September 9, the board of directors announced that the total amount of funds raised for this issuance plan will be lowered: the total amount of funds to be raised will not exceed 8 billion yuan, and the total amount of funds to be raised will not exceed 6.3 billion yuan. That is to say, the proposed fund for the Wuhu Optoelectronics Industrialization (Phase II) project will be 5 billion yuan and the investment fund for the LED application product industrialization project will be 3 billion yuan. It is now being adjusted to be invested in Wuhu Optoelectronics Industrialization (Phase II) project. The raised funds of 4 billion yuan and the investment in LED application products industrialization projects raised 2.3 billion yuan.

And what is the progress of the discovery? On October 26, the reporter dialed the telephone number of Sanan Optoelectronics. After the call, a woman said that Secretary Dong Yiyi had resigned one or two months ago. The current work is handled by Li Xuechao, the securities affairs representative. And the work is in Xiamen, and the Xiamen company phone she provided has never been answered.

Fan Yumin, an electronic components analyst at Western Securities, said: "The company may have communicated with the organization and found that the response was not as expected, but it was dragged down by the downturn in the broader market, or it was delayed after the delay."

In addition to the unclear prospects for additional issuance, company executives also set off a wave of resignation at the end of the three-year transition. The reporter found that Dong Shiyi Yi Shengze resigned in September last year. On November 7, last year, He Rui resigned as a director and was served by Lin Zhiqiang. You Jianhui resigned as a supervisor and was replaced by He Rui. Not only that, but this year In April, another deputy general, Sun Ming, resigned. Looking through the information, Yi Shengze's term of office expires on June 24, 2011. His initial shareholding is 11,200 shares, because the capital reserve has increased to 22,400 shares, and Sun Ming and He Rui are also here. The term expires. On April 26 this year, Sun Ming handed in his resignation and resigned as the deputy general manager of the company and his position as a subsidiary. He Rui and Yi Shengze both passed the new general election and continued to hold corresponding positions. And then suddenly resigned, what is the reason behind it? The reporter tweeted to contact a person from the Sanan Photovoltaic Solar Business Unit, who said he was not aware of the resignation of executives.

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