Ipo Further Closer, The Joint Shareholders Will Pass, Will Accelerate And Ship A Shares Listed.

Chip microgrid news, Wafer Generator Lianhe held an interim meeting of shareholders today, through the subsidiary and ship chip initial public offering A shares, application for listing on the Shanghai Stock Exchange, is expected to issue no more than 400 million new shares, the total amount of no more than 2.5 billion yuan.

As early as June 29, China Unicom announced that its mainland subsidiary and Shipboard Chip Manufacturing (Suzhou) Co., Ltd. will integrate with the manufacturing of integrated circuits, and with the warship engaged in IC design and service plant Lianhe Semiconductor, etc., and apply to the China Securities Regulatory Commission for an initial public offering, listed in Shanghai A shares.

Unicom pointed out that last year, Unicom and Unicom accounted for about 11% of Unicom's total revenue, accounting for about 15% of the second quarter of this year's revenue; after the listing of A shares in Shanghai, Unicom will still hold 87% shares in Unicom, which has limited impact on the rights and interests of Unicom shareholders.

Unicom said that the listing of A shares in Shanghai is mainly to consider the long-term development of Unicom Group, and the listing of A shares in Shanghai will establish a financing platform to obtain more diversified sources of funds, in addition to improving the group's financial structure, and will help Unicom to retain its own funds in Taiwan.

As we all know, the demand for 8-inch wafer subcontractors is strong this year, but the capacity of various plants in Taiwan has been unable to expand, in order to expand capacity and strengthen the global layout, the decision was made by the United Electronics Company and the ship co-ordinated subsidiary joint core and joint venture to apply to the SFC for IPO, ready to raise funds in and ship and joint venture capacity expansion of 8-inch.

It is anticipated that the fund will be used to expand the joint production capacity of the warship and another wafer factory of the group in the mainland and expand the operation scale.

It is understood that the monthly production capacity of the 8-inch wafer and the warship are 65,000 and 17,000 respectively. The monthly production capacity of the warship is expected to reach 25,000 by the end of the year. As for the warship, the monthly production capacity will be expected to reach 75,000 by then.

In addition, China Unicom currently accounts for about 10% of its customers'revenue, and about 80% of its revenue comes from North American and Taiwan customers. Liu Qidong, chief financial officer of Unicom, said that due to China's recent vigorous development of the semiconductor industry and the high turnover rate of naval personnel, the listing would be used to expand the relevant industrial market in the mainland of China, and it is also expected to pass shares with China. The right link incentives should be retained to attract local talents and enhance the overall competitiveness of the group.

Liu Qidong also said that if the warship is listed smoothly in China, there will be financing channels to expand its capacity in China in the future, to further enhance the capacity scale and technical quality, to obtain more diversified sources of funds, and to improve the overall financial structure.

Speaking of whether there is a capital reduction plan, chairman Hong Jiacong said that capital reduction has a great impact on the company's financial and shareholders'rights and interests. Only if the amount of capital expenditure in the future is substantially reduced can the capital reduction be considered.

Hong Jiacong also said that capital reduction has a great impact on the company's financial and shareholders'rights and interests, so it is impossible to reduce capital by 3% or 5%. The reduction of capital by at least 10% will require tens of billions of dollars. If the amount of capital expenditure in the future decreases substantially, then capital reduction can be considered.

In addition, Hong Jiacong also cooperated with the listing case as chairman of the warship board. Shareholders asked how Hong Jiacong would take into account the rights and interests of the shareholders while serving as chairman of the warship board. He responded that in the future, he would continue to focus on the United Telecom business and would keep 99% of his energy in Taiwan.

In addition, some minority shareholders of the company today asked the company's stock price to make progress, catch up with the world's advanced, but also hope that the company can buy back treasury stocks or deal with cash reduction, Hong Jiacong said, in pursuit of shareholders'rights and interests and high dividend as an important matter.

Hong Jiacong responded to requests from minority shareholders for a repurchase of Treasury stocks or a reduction in cash, which would be taken into account. However, the reduction of capital should reach at least 10 billion yuan. Cash reduction should be handled on the basis of cash on hand and future expansion plans. The union's main axis is to pursue shareholders'rights and interests and high dividends. (proofreading /Aki)