[Global Financial Observation | News Express] On July 17, Luxshare Precision issued an announcement that it will acquire iPhone manufacturing business of Wistron Group for about 3.3 billion yuan. After the transaction is completed, Luxshare Precision will become the first Apple iPhone OEM factory in mainland China. Wistron was originally the smallest of the three major iPhone OEM factories ( Foxconn , Heshuo , and Wistron).
Aming comment: Although Wistron Group's iPhone manufacturing business is still smaller than Foxconn and Pegatron. But it is very useful for Apple. This is Apple's strategy to maintain a certain competitive bargaining space for OEM. It is more conducive to mutually obtaining a relatively win-win OEM cooperation pattern.
In addition, Luxshare Precision's overall strength is not weak. Compared with Foxconn Group, Luxshare Precision is also a giant with a market value of nearly 400 billion yuan, with the latest market value of 386.418 billion yuan.
Before this, Sina, Cailianshe and other media reported that Luxshare Precision's stock price soared by 600%. After the fund's position nearly doubled, its major shareholder cashed out 6.9 billion yuan. As for shareholders who cash out and watch the show, Aming personally thinks that it is reasonable to carry out capital operations and reduce their holdings in any company, regardless of size, in a reasonable and legal manner.
Otherwise, the purpose of capital cooperation will lose its market significance. The purpose of capital is to pursue profit, and there is nothing wrong with it.
What's more, you need to know what's going on after cashing out and reducing holdings. Luxshare Precision announced on July 22 that "the controlling shareholders Luxshare Co., Ltd. and Wang Laisheng reduced their holdings of the company's unrestricted circulating shares through the Shenzhen Stock Exchange bulk trading system on July 22, accounting for 1.85% of the company's total share capital. The funds for the reduction are mainly used to repay Luxshare Co., Ltd.'s bank loans and support Luxshare Precision-related funding needs."
shows that for any major shareholder who has a huge cash out and reduced holdings, needs to know the reason why it is , so that they can better understand the company's development situation.
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[Amin]: Technology Comment columnist, technology media industry for 22 years, news comment html produces millions of words in 4 years, and speaks with data to help you understand technology listed companies.