San'an Optoelectronics to raise RMB7 billion for R&D of semiconductor
2019-11-12 18:12:48 [Print]
San'an Optoelectronics Co., Ltd. announced on late 11 November that it plans to raise fund of up to RMB7 billion (USD1 billion) through private placement. Changsha Xiandao Gaoxin Investment and Gree Electric Appliances announced subscription of RMB5 billion (USD714 million) and RMB2 billion (USD286 million) respectively for the private placement. Net fund raised is for the Semiconductor R&D and Industrialization Project (Phase I).
The fundraising mainly covers three major business sectors and associated infrastructure construction, including gallium nitride sector, gallium arsenide sector, and special packaging sector, which target medium-to-high end product. With total investment of RMB13.8 billion (USD1.97 billion) and a construction period of four years, the project would take seven years to reach designed capacity, and the project's annual sale revenue then would reach RMB8.2 billion (USD1.2 billion) after tax.
The fundraising mainly covers three major business sectors and associated infrastructure construction, including gallium nitride sector, gallium arsenide sector, and special packaging sector, which target medium-to-high end product. With total investment of RMB13.8 billion (USD1.97 billion) and a construction period of four years, the project would take seven years to reach designed capacity, and the project's annual sale revenue then would reach RMB8.2 billion (USD1.2 billion) after tax.
Gallium Metal 99.99999%min EXW China
Unit:RMB/kg
China gallium metal producers' inventory to production ratio statistics by province by month
Unit: %
