Panel maker Innolux (3481-TW), the major shareholder Chi Mei Industrial, has recently released its shares one after another. According to public information observation station data, as of September 29, Chi Mei Industrial has issued more than 183,700 shares in the past two months. The loss of 1.114 billion yuan triggered market discussions, and the shareholding ratio fell to 0.83%, making it one of the top ten shareholders.
In mid-August, Chi Mei Industrial disposing of Qun Chuang’s holdings in four successive batches. By the end of September, the number of shares held was reduced to 87,000, and the shareholding ratio fell below 1%. In this regard, even though Chi Mei Industrial stated that it would adjust its working capital and Allocation of high-liquidity assets, but at this time, hesitate to sell stocks at a loss, arousing market discussion and high attention.
After Chi Mei Industrial exited Innolux in 2012, it reduced its shareholding in Innolux in 2013. In 2019, it also subscribed to lose its shareholding. The shareholding ratio has been maintained at about 2.5%, ranking the second largest shareholder. In the past two months, it has once again made a major move to sell stocks. The market believes that Chi Mei Industrial will be completely out of Qun Chuang’s holdings.
According to data from Innolux’s official website, the top ten shareholders hold more than 1% of the shares. The largest shareholder is the new labor pension fund, which holds about 2.89%. The Hon Hai (2317-TW) Group also uses its subsidiary Hongyang Ventures and Hon Hai itself, Holds 1.68% and 1.41% of shares respectively, Hon Hai founder Guo Taiming holds 1.32% in his own name, Hongzhun (2354-TW) 1.22%, Huazhun Investment 1.16% and other investments, which also means that Chi Mei’s shareholding ratio has dropped to 0.81 %, will retreat to the top ten shareholders.
Innolux’s stock price recently continued to reflect the weakness of TV panels in the second half of the year. The stock price was almost cut from its mid-year high. Looking forward to the fourth quarter, the market expects that the panel will continue to decline in price, which may erode the profitability of panel makers.
Yang Zhuxiang, general manager of Innolux, said a few days ago that although China’s dual energy consumption control policy has impacted the overall supply chain, it is expected to bring dawn to the panel industry. It is expected that the decline in panel prices in the fourth quarter will be supported.
