Core Viewpoint - Hefei State-owned Assets has officially taken control of the panel leader Visionox (002387) through a planned issuance of A-shares to Hefei Jianshu Investment Co., Ltd. [2] Group 1: Company Control and Capital Increase - Visionox announced that its stock will resume trading on November 10, 2025, as it plans to issue 419 million shares at a price of 7.01 yuan per share, raising up to 2.937 billion yuan for working capital and debt repayment [2] - If the issuance is completed, Hefei Jianshu will become the controlling shareholder, with the actual controller changing to the Hefei Shushan District People's Government [2] - This capital operation reflects the strong support and confidence of shareholders in Visionox's business and future [3] Group 2: Industry Position and Market Share - Visionox is a leading enterprise in the OLED industry, holding an 11.2% global market share in smartphone AMOLED panels in 2024, ranking third globally and second domestically [2] - In the global AMOLED smart wearable panel market, Visionox ranks first with a 27% shipment share in 2024 [2] - Following its investment in Visionox, Hefei State-owned Assets has continued to invest in the panel sector, including a collaboration with the Hefei Municipal Government to establish a production line with a total investment of 55 billion yuan [3]
维信诺控制权将变更合肥国资拟入主