San’an Opto Employees Stock Shares Reach 50M

News Source: 

A mutual fund established under San’an Opto Employee Stock Ownership Plans (ESOP) has acquired 50.30 million company shares.

The fund, Xin-Zhong No. 1, is operated by Industrial Assets Management Co. Limited. As of Nov. 18, 2014, the fund purchased 50.30 million San’an Opto shares, which amounted to RMB 742.08 million (US$ 120.58 million), according to an announcement released by the company on November 28.

The company has adopted “San’an Opto’s ESOP and Summary” proposal previously at a recent shareholders meeting, which sets the maximum company stock purchases under ESOP’s at RMB 930 million.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Specifiers can realize the best quality of light and the highest levels of light output and efficacy at 3000K and 95CRI San Jose, CA – Lumileds today announced substantial performance improvements for its 90 and 95 CRI LUXEON CoBs with C... READ MORE

For many years, XLamp® XP-E2 LEDs have been the preferred LED choice for lighting manufacturers looking to combine different colors of light together to service specialty lighting applications. The XP-E2 platform offers an unbeatable combi... READ MORE