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FGC offers made big shareholder, said euro 300 million r&d fee not valuation
Time£º2016/5/26 9:45:09

According to the financial times reported that Germany semiconductor equipment company strong ace (Aixtron) released by China's capital wants to use the 670 million euros to buy ace is strong, strong love, the company's largest shareholder discontent, think the price is too low, previously in the domain of RD investment of 300 million euros and soon don't respond to its value.

The trading, Investment of China Chip Investment Fund Fu jian Grand Chip Investment Fund (FGC) German subsidiary of Grand Chip Investment, a bid for valuation of around 670 million euros. The Chinese businessmen zhen-dong liu holding career, he has about 51% of the fund shares. In addition, the Investment company in Xiamen Xiamen Bohao Investment have FGC49 % of the shares.

Ace is strong, however, one of the company's largest shareholder, Barry Norris, he is Argonaut Capital investment company, chief investment officer, the trade express dissatisfaction and criticism. He questioned the market price, think over the past five years, the shareholders make ace spent 300 million euros on RD research and development, the cost of the transaction price fails to meet the interests of the shareholders. In addition, he also focus on the FGC company's investment is just a chance to bid, if it is other buyers to bid, the industry will have a better deal than private-equity buyers. He also questioned the future change, whether in terms of revenue or profit is still quite unclear.

Argonaut Capital currently is one of the main big shareholders ace is strong, with 9.7 million shares of ace strong stocks, holds more than 8%.

Q1 earnings in 2016 released a few months ago, was in December 2015, the famous Chinese LED companies three Ann photoelectric just cancelled to love, strong MOCVD equipment orders, at the ace strong stock plunged 43%, it is the company's biggest customer.