Silan Micro recently received an increase from the chairman and the board of directors. In this regard, Silan Micro said that the reason for the increase is that the executives believe that the company's stock price is undervalued. With the release of the incandescent light exit schedule in China and the subsequent possible subsidies for LED lighting products, the subsequent Silan Micro business will add LED lighting to existing outdoor displays.
Shilanwei, whose original main business concentrated on integrated circuits, began to turn to the LED field at the end of 2009, and in early 2010, it launched a fund-raising plan for the LED business. After the fundraising project was put into production, the company's share price continued to fall due to the concentrated release of a large amount of new capacity in the industry and the continuous decline in the price of LED products in 2011. At this point, Silan Micro Executives bought their own stocks.
It is understood that the first is that the company’s board secretary and financial officer Chen Yue bought 20,000 shares from the secondary market on October 27, and the company’s chairman Chen Xiangdong immediately increased his holdings of 52,000 shares on October 28. The prices are 11.55 yuan / share and 11.50 yuan / share. Based on this calculation, the increase in the use of Chen Yue's funds is about 231,000 yuan, and Chen Xiangdong costs 598,000 yuan. Although compared with the total share capital of Silan Micro 434 million shares, the number of shares held by the company's chairman and the board of directors is not large, and the total number of shares held in the total share capital is less than one in ten thousand. However, this time, since the listing of Silan Micro in 2003, it has been increased by its own executives for the first time.
The representative of Silan Micro Securities pointed out that Silan Micro has plans to enter the lighting market and is currently carrying out related products and business reserves. However, when it is involved and how to proceed, it depends on the follow-up industry and market development. At present, Silan Micro has developed white light chips for lighting applications and has small-volume shipments. Silan Micro intends to gradually enter the field of white light lighting based on the consolidation of the existing color screen market share.
Shilanwei, whose original main business concentrated on integrated circuits, began to turn to the LED field at the end of 2009, and in early 2010, it launched a fund-raising plan for the LED business. After the fundraising project was put into production, the company's share price continued to fall due to the concentrated release of a large amount of new capacity in the industry and the continuous decline in the price of LED products in 2011. At this point, Silan Micro Executives bought their own stocks.
It is understood that the first is that the company’s board secretary and financial officer Chen Yue bought 20,000 shares from the secondary market on October 27, and the company’s chairman Chen Xiangdong immediately increased his holdings of 52,000 shares on October 28. The prices are 11.55 yuan / share and 11.50 yuan / share. Based on this calculation, the increase in the use of Chen Yue's funds is about 231,000 yuan, and Chen Xiangdong costs 598,000 yuan. Although compared with the total share capital of Silan Micro 434 million shares, the number of shares held by the company's chairman and the board of directors is not large, and the total number of shares held in the total share capital is less than one in ten thousand. However, this time, since the listing of Silan Micro in 2003, it has been increased by its own executives for the first time.
The representative of Silan Micro Securities pointed out that Silan Micro has plans to enter the lighting market and is currently carrying out related products and business reserves. However, when it is involved and how to proceed, it depends on the follow-up industry and market development. At present, Silan Micro has developed white light chips for lighting applications and has small-volume shipments. Silan Micro intends to gradually enter the field of white light lighting based on the consolidation of the existing color screen market share.
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