Chinese LED manufacturer MLS has become China’s second most valuable listed LED company within a week. The company’s shares have soared on the Chinese bourse for five consecutive days since Feb. 27, 2015 bringing its total market value to RMB 20.15 billion (US $3.21 billion).
MLS Chairman Sun Qinghuan has an 80.01% stake in the company equivalent to 355.66 million shares. He also indirectly possesses 2.05 million shares through another investment arm based in Zhongshan, Guangdong Province, China. The 42-year-old Chairman’s personal wealth is estimated to value RMB 16.22 billion after this recent surge.
The company’s share value has skyrocketed 110.88% from RMB 21.50 per share since its initial public offering on Feb. 10 to RMB 45.34 as of March 2.
Other listed Chinese LED package manufacturers market value as following:
|
Company Name
|
Market Value (RMB billion)
|
|
Nationstar
|
5.55
|
|
Honglitronics
|
3.24
|
|
Jufei Opto
|
5.95
|
|
Refond
|
2.96
|
|
Changfang Lighting
|
4.33
|
|
Mason
|
2.80
|
|
Ledman Opto
|
7.97
|
|
San’an Opto
|
44.42
|
(Source: LEDinside)
As seen from the above table, San’an Opto remains the leading company in China’s LED industry terms of market value.
In a recent company announcement, MLS stated the company’s shares soared over 20% from Feb. 25 to Feb. 27. According to China’s Shenzhen Stock Exchange regulations this is considered abnormal trading, but MLS refuted it had not violated any Share Listing Rules for the Growth Enterprise Market.
(Author: Amber Liu, Chief Editor, LEDinside China, Translator: Judy Lin, Chief Editor, LEDinside)
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