Samsung or "Blood transfusion" TCL8.5 generation panel line 2 billion ~30 billion

Source: Internet
Author: User
Keywords TCL8
The urgent need for capital Shenzhen TCL8.5 generation LCD panel production line may usher in a timely, South Korea Samsung Group has decided to participate in the investment in Shenzhen Hua Starlight Electric (TCL8.5 Line project company) Tft LCD panel project, providing technical and financial support. "Samsung has expressed the intention to participate, we are welcome attitude, but at present the two sides have not formally negotiated."  Yesterday, TCL Group (000100.SZ) spokesman Liang to the "First financial daily" confirmed the above news, but Liang did not disclose the details of the two sides to discuss.  There is close contact with TCL Group of people familiar with the situation, the Samsung participated in Shenzhen TCL8.5 Generation line, investment of about 2 billion ~30 billion. Frequent release of positive signals according to the original plan, huaxing photovoltaic company registered capital should be increased to 10 billion yuan by June 30.  But because a a-share market continues to slump, leading to TCL group of directional Additional difficulty increase, also make huaxing photoelectric capital increase plan postponed.  Perhaps for the directional issuance of a smooth, recent period of time, Tcl frequent external release positive signals. TCL Group announced that June 29, The company and its subsidiary star photoelectric respectively access to the Shenzhen financial appropriation of the special subsidy of 180 million yuan and 342 million yuan; June 30, TCL group shareholder Huizhou Holdings has its 164 million shares of TCL Holdings pledged, the pledge period starting from June 25; July 1, Guangdong Provincial Economic and Information Commission, Guangdong Department of Finance approved to give Shenzhen huaxing 8.5 generation LCD panel Project 1 billion yuan financial aid funds; July 7, TCL chairman Li will be held by TCL group 40.166 million shares pledged, the pledge period from July 5 onwards.  Tcl said that the funds raised by Huizhou Holdings and Li will be involved in the subscription of 8.5-generation LCD panels for directional additional projects. Whether the directional additional issue can be carried out smoothly, mainly lies in the pricing. "Citic Securities analysts told reporters yesterday that the general company's share price is higher than the 20%~30%, targeted additional relatively easy to carry out."  Because stocks with directional offerings have a one-year lock-up period, if the stock market is bad and the company's share price is too low, investors will naturally worry about the risk of locking up regularly. TCL Group previously announced that the targeted issuance to not more than 10 investors to issue, the net amount of fund-raising is expected to be no more than 5 billion yuan, mainly for investment in the construction of 8.5-generation LCD panel production line projects, and the distribution of targeted additional price is not less than 3.46 yuan/share.  If according to the above analyst's argument, TCL Group should wait until the stock price rises to 4.15 yuan, then implement directional additional. According to TCL Group before the announcement, huaxing 8.5 generation line project total investment of 24.5 billion yuan, and huaxing final registered capital of 10 billion yuan, by TCL Group and deep super companies holding 50% shares. Among them, the TCL Group Capital contribution will raise the capital investment through the directional additional stock way, but the total project investment and the project company registered Capital Difference 14.5 billion yuan will be by huaxing photoelectric to bank loans or through other financing methods to resolve. Capital pressure "at the end of March, Huaxing photoelectric has been on schedule to increase the registered capital to 3 billion yuan, of which 1.5 billion yuan is the TCL group self-financing investment." TCL Securities related Personage yesterday admitted to the reporter, the stock market downturn indeed to Tcl Group's directional additional increase difficulty, but also does not mean to wait for the stock price to rise to 4.15 yuan, can issue additional, "Everyone is in the inquiry, the company will choose the right time to add additional."  "At present, TCL Group directional Issuance program was approved by the SFC on June 1." "Huaxing photovoltaic project must be gets in order to have a better return on investment." "A person familiar with the matter said due to the lack of upstream resources, domestic color TV manufacturers in the second quarter of the backlog of a lot of flat-screen TV inventory, which also directly affect TCL Group's main business, and deep Super company to huaxing Photovoltaic investment will not be permanent, the future will be in the right time to exit,  These all give Tcl group and Li to cause the project process pressure.  Perhaps it is based on this pressure, in early May, Li in Shenzhen photoelectric display week on the high profile of the star Photovoltaic Super Team core teams, and take this fete Skyworth, Hisense, Changhong, Konka and other business executives, invited them to invest in huaxing photoelectric. "We have confidence in the issue."  Liang said that the company released a positive signal, is the hope that investors can actively participate in Tcl's directional issuance, and the syndicated, credit institutions negotiations are also actively advancing. Tcl revealed that huaxing photoelectric from the start to the present half a year has applied for and accepted the invention patent 22 pieces, is preparing to submit applications for 27 pieces, for next year to start production to do a good job of technical research and development preparation.  At present, China Starlight Power Plant area of 13 Building Pile Foundation and foundation part of the project has been completed, the main project has begun construction. In the supply chain, huaxing photoelectric has and the world's three major LCD panel display glass Manufacturers, one of the Japanese Asahi Nitrate Co., Ltd. signed a memorandum of cooperation.  The company will be in the huaxing photovoltaic factory building next to the glass factory, the production of glass substrates for huaxing photovoltaic projects, to ensure sufficient supply of raw materials such as substrate glass. Yesterday, TCL Group closed to 3.9 yuan, rose 1.04%.
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