SAN 'an Optoelectronics Announced New Progress In Strategic Cooperation And Has Received About 2.6 Billion Yuan

- Mar 05, 2019-

Yesterday (4) evening, SAN 'an photoelectric issued a notice to disclose the progress of controlling shareholder reduction and the introduction of strategic investors, SAN 'an group sold 77,143,000 shares to industrial international trust co., ltd. 100% holding company initiated the establishment of the investment fund, in addition, SAN 'an photoelectric has received about 2.6 billion yuan from strategic investors.


On January 22, 2019, three Ann photoelectric announced that the company controlling shareholder Ann group and societe generale international trust co., LTD., financial holding group co., LTD. Quanzhou city, fujian province, core industrial investment fund partnership (limited partnership) signed a strategic cooperation framework agreement, societe generale international trust co., LTD., financial holding group co., LTD. Quanzhou city, fujian province, core industrial investment fund partnership (limited partnership) plans to three Ann group capital increase of not less than 5.4 billion yuan and 600 million yuan to provide liquidity support.


Three photoelectric, said Ann for the implementation of the strategic cooperation framework agreement signed by the main content of the clause, three Ann group actively and protocol to communicate, the other three "agreement of strategic cooperation framework agreement, the quartet has not signed a formal cooperation agreement further, but in the process of the implementation of strategic cooperation framework agreement with early disclosure has changed:

In the process of communication, due to the long period of determining the valuation system for capital increase, SAN 'an group sold 77,143,000 shares to the investment fund initiated and established by 100% holding company of industrial international trust co., ltd. in order to smoothly and timely solve the capital needs of SAN 'an group, which is part of the strategic cooperation framework agreement.


According to the announcement, this time SAN 'an group sold 77,143,000 shares of its unlimited shares outstanding, accounting for 1.89% of the company's total share capital.

Before the reduction, SAN 'an group held 351,301,092 shares of the company, accounting for 8.61% of the company's total share capital.

After the reduction, SAN 'an group holds 274,158,092 shares of the company, accounting for 6.72% of the total share capital of the company.

The transferee of the shares is an investment fund initiated and established by 100% holding company of industrial international trust co., LTD.

After the share reduction, SAN 'an group and xiamen SAN 'an electronics co., ltd. hold about 36.48% of the company's equity, and SAN 'an group is still the controlling shareholder of the company, and the actual controller of the company has not changed.


In addition, as of this announcement, the company controlling shareholder three Ann group has won the "strategic cooperation framework agreement signing party financial holding group co., LTD. Quanzhou city to provide liquidity support amount is $600 million (loan), fujian Ann core industrial investment fund partnership (limited partnership) is proposed for capital payment of 1 billion yuan (shareholding is not yet final clear) and the industrial international trust co., LTD. 100% stake holding company established investment fund transfer is about 1 billion RMB, total about 2.6 billion yuan.