Research silicon shares: two times to raise capital project description paradox

July 29, a Silicon Research Unit (600206), said the bulletin, to meet the requirements of the Fund company, securities companies, insurance institutions, investors and other specific objects of the private issue of not more than 40 million shares of funds, respectively, for the "8-inch silicon wafer expansion project" and "solar cell with monocrystalline silicon Industrialization Project."　　In this news, the Silicon Research unit opened this week, the trend is sharp, Monday jump higher 6.61%, Tuesday in the market adjustment of the situation rose 4.39%. This time to raise capital déjà vu as early as three years ago, there is a research silicon stock has done a similar directional additional, later for a variety of reasons and nothing. The reporter carefully consulted the announcement of the year, found that there are two points similar. The first is similar to the total amount of funds raised, July 3, 2007, there is a Silicon stock company board of directors through the Non-public issue not more than 20 million shares resolution, proposed to raise 450 million yuan capital, the additional price is not less than the resolution before the 20 trading day of 90%, that is 27 yuan/shares. Since then, the stock price all the way down, to the January 7, 2008, there has been research silicon stock has to be lowered to no less than 21.67 yuan/share, while the number of additional increases to "no more than 25 million shares." and the directional additional, the company said that no less than 10.32 yuan/share price issue 40 million shares, the total amount of funds collected about 413 million yuan. The second is similar to the project, the 07 issue of the use of additional funds is "annual output of 240,000 pieces of 12-inch silicon wafer Project", "annual output of 140 tons of large diameter silicon single crystal Project" and "annual output of 240 tons of solar cells with monocrystalline silicon project, and this fund-raising is mainly used for" 8-inch silicon single crystal polishing plate expansion Project "and"　　Solar cell with monocrystalline silicon Industrialization project. "Whether it's the total amount of money raised or the project, it looks almost like three years ago," said one investor. "Conflicting project description" Two of the total amount of fund-raising is indeed very similar, it is just a coincidence, the direction of the issue is different. "A female staff member of Silicon Stock securities department told reporters:" Three years ago because the market changes very much, the issue of excessive price and lead to failure, but this and three years ago completely different two times. "It is worth mentioning that, in the need to implement the project, two times the description seems somewhat contradictory: in 07, the company predicted that" the development direction of monocrystalline silicon chips in integrated circuits is larger in diameter, and the global market demand for silicon wafers is rapidly moving from the mainstream diameter of 8 inches to 12 "; Today, three years later, the company believes that" 8　　Inch silicon single crystal polishing film is one of the mainstream products in the world's integrated circuits, which occupies a large proportion in the international semiconductor industry. "The company's description of the two project prospects is not contradictory, although the mainstream from 8 inches to 12 inches, but 8-inch silicon single crystal polishing film is still mainstream, the demand for a significant increase, because the domestic market and foreign markets, there is a lag period."　　The above staff told the reporter. The investors said that since the previousis a "rapid transition", why not "transition" after three years?　　are two descriptions not a "way to go"? No matter how the company describes the project's prospects, the agency is retreating sharply.　　Silicon Research unit recently disclosed that the semi-annual report showed that the top ten circulating shares of the company in the first quarter of the 4 institutions have been withdrawn from, replaced by 1 QFII and 8 retail investors. Reporter Money Presented