On March 31, Shanghai Wanye Enterprises Co.Ltd(600641) ( Shanghai Wanye Enterprises Co.Ltd(600641) ) and Hangzhou Chang Chuan Technology Co.Ltd(300604) ( Hangzhou Chang Chuan Technology Co.Ltd(300604) ) announced that the national integrated circuit industry investment fund Co., Ltd. (large fund) plans to reduce some shares of the company due to its own operation and management needs. Since this year, large funds have successively reduced their holdings of a number of listed companies.
large fund reappearance reduction
On March 31, Shanghai Wanye Enterprises Co.Ltd(600641) announced that due to the needs of its own operation and management, the fund, the third largest shareholder of the company, plans to reduce the number of shares by means of centralized competitive trading within 3 months after 15 trading days from the date of disclosure of the reduction plan, which shall not exceed 1% of the total number of shares of the company, that is, not more than about 9.579 million shares.
In December 2018, big funds officially took shares in Shanghai Wanye Enterprises Co.Ltd(600641) . At present, the big fund is the third largest shareholder of Shanghai Wanye Enterprises Co.Ltd(600641) and holds about 48.558 million tradable shares of the company, accounting for 5.07% of the total share capital of the company.
Prior to this, Shanghai Wanye Enterprises Co.Ltd(600641) had disclosed the reduction plan of the large fund in September 2021, and the large fund completed the reduction in January this year.
Like Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) also announced on the evening of March 31 and received the notification letter on share reduction plan from the company’s shareholder large fund. The large fund plans to reduce its holdings of no more than 12.086 million shares of the company through centralized bidding within 6 months after 15 trading days from the date of announcement and disclosure, accounting for 2% of the total share capital of the company.
At present, the large fund holds Hangzhou Chang Chuan Technology Co.Ltd(300604) about 40857000 shares, accounting for 6.76% of the total share capital of the company, all of which are tradable shares with unlimited sales conditions. The large fund is the second largest shareholder of the company.
Hangzhou Chang Chuan Technology Co.Ltd(300604) is mainly engaged in the R & D, production and marketing of integrated circuit equipment, and provides test equipment for integrated circuit packaging and testing, wafer manufacturing, chip design and other enterprises. Statistics show that large funds took shares in Hangzhou Chang Chuan Technology Co.Ltd(300604) , followed by the company’s IPO Previously, Hangzhou Chang Chuan Technology Co.Ltd(300604) disclosed the reduction plan of large funds in November 2021.
In addition to Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) , large funds have successively reduced their holdings of many listed companies since this year.
In January this year, Hunan Goke Microelectronics Co.Ltd(300672) announced that the large funds holding 12.48% of the company’s shareholders planned to reduce the company’s shares by no more than 3.642 million shares in the form of centralized bidding, that is, no more than 2% of the company’s total share capital. In January, Changsha Jingjia Microelectronics Co.Ltd(300474) announced that the shareholder’s large fund holding 9.14% of the company’s shares planned to reduce the company’s shares by no more than 6025000 shares, that is, no more than 2% of the company’s total share capital.
The latest announcement shows that at present, the holdings of large funds in the above-mentioned companies have been reduced by more than half. In addition, since this year, Sanan Optoelectronics Co.Ltd(600703) , China Resources Microelectronics Limited(688396) and other companies have also disclosed the reduction plan or progress of large funds.
reducing holdings and increasing holdings at the same time
Statistics show that the national integrated circuit industry investment fund Co., Ltd. was established in 2014, led by the Ministry of industry and information technology and the Ministry of finance. The Ministry of Finance and other investors jointly funded the establishment. It adopts the mode of market-oriented operation and professional management, mainly invests in key industries such as chip manufacturing, and provides financial support to the industry, so as to alleviate the financing bottleneck of integrated circuit enterprises.
Industry insiders believe that as a fund, the reduction of holdings of large funds is a normal capital behavior, which also fully shows that relevant companies have grown up. At the same time, with the development and changes of China’s semiconductor industry, large funds continue to carry out structural adjustment, focus more on the “neck” field and play the role of “providing carbon in the snow”, which has a positive impact on the long-term growth of China’s semiconductor ecology.
In the past, it was not uncommon for large funds to reduce their holdings of listed companies. Moreover, while reducing the holdings of large funds, they also increased the holdings of some companies.
For example, Shennan Circuits Co.Ltd(002916) disclosed the report on the issuance of non-public shares on February 9 this year, and determined that the total amount of funds raised was about 2.55 billion yuan, and the issuing objects were finally determined to be 19, of which the second phase of large funds subscribed 300 million yuan.
On February 21, Hangzhou Silan Microelectronics Co.Ltd(600460) announced that the company plans to jointly invest 885 million yuan with the second phase of the large fund to subscribe for the new registered capital of Shilan Jike. Among them, the second phase of the large fund invested 600 million yuan and subscribed 561 million yuan of new registered capital of Shilan Jike Hangzhou Silan Microelectronics Co.Ltd(600460) invested 285 million yuan and subscribed 266 million yuan of new registered capital of Shilan Jike.
On February 25, National Silicon Industry Group Co.Ltd(688126) disclosed the fixed increase results, which showed that its total fund-raising was about 5 billion yuan, of which the second phase of the large fund was allocated about 1.5 billion yuan. At present, the large fund holds National Silicon Industry Group Co.Ltd(688126) 2084% of the shares.
While planning to reduce the shareholding of Shanghai Wanye Enterprises Co.Ltd(600641) , the second phase of large fund is also preparing to increase the shareholding of Shanghai Wanye Enterprises Co.Ltd(600641) participating subsidiaries.
On March 30, Shanghai Wanye Enterprises Co.Ltd(600641) announced that the second phase of big fund and Shanghai semiconductor equipment and materials industry investment fund partnership (limited partnership) planned to increase the capital of Zhejiang praseodymium core, a joint-stock subsidiary of the company, with a total of 390 million yuan. The company agreed to this capital increase. After the capital increase, the company holds 29.63% of the equity of Zhejiang praseodymium core, which is its largest shareholder.
Shanghai Wanye Enterprises Co.Ltd(600641) said that the company agreed to the capital increase of Zhejiang praseodymium core, mainly because the company comprehensively considered the introduction of national strategic investors, future long-term development strategic planning and other factors, which is in line with the overall planning and long-term interests of the company.
According to the statistics of securities times · databao in February this year, as of February, large funds held at least 18 shares of listed companies, including Semiconductor Manufacturing International Corporation(688981) , Naura Technology Group Co.Ltd(002371) , Sanan Optoelectronics Co.Ltd(600703) , etc. In the list of shareholders of many companies, large funds are in the top three sequences.
