① A leading semiconductor company with a total market value of over 120 billion yuan announced that the controlling shareholders plan to donate 15 million unrestricted tradable shares free of charge to the Ningbo Oriental University of Technology Education Foundation, with a market price exceeding 1,512 billion yuan at today's closing price; ② The shareholder donated a total of 20 million shares in February and December 2023. Based on this calculation, the total market value of the three donated shares exceeds 3.4 billion yuan.
Finance Association, March 19 (Editor Ruo Yu) -- Weil Co., Ltd., a semiconductor leader with a total market capitalization of over 120 billion yuan, announced that Shaoxing Weihao Equity Investment Fund Partnership (Limited Partnership) (“Shaoxing Weihao”), the controlling shareholder of the company, plans to donate 15 million shares of the company held by it free of charge to the Ningbo Oriental University of Technology Education Foundation, accounting for 1.23% of the company's current total share capital. Based on today's closing price of 100.81 yuan/share, the market price of the 15 million shares donated free of charge to the Ningbo Oriental University of Technology Education Foundation exceeds 1,512 billion yuan.
What is interesting is that this is not the first time Shaoxing Weihao has donated shares to the same foundation free of charge. In December 2023, Shaoxing Weihao plans to donate 10 million shares of the company's unrestricted tradable shares to the Ningbo Oriental University of Technology Education Foundation, accounting for 0.82% of the company's total share capital. Based on the closing price of 105.19 yuan/share on the day the donation announcement was issued, the market price of the 10 million shares donated at that time exceeded 1.05 billion yuan.
Back in time to February 27, 2023, Weir Co., Ltd. announced that Shaoxing Weihao plans to donate 10 million shares of the company's unrestricted tradable shares to Ningbo Yu Renrong Education Foundation, accounting for 0.84% of the company's total share capital at the time. Based on the closing price of 85.38 yuan/share on the day the donation announcement was issued, the market price of the donated 10 million shares exceeded 850 million yuan. Based on this calculation, the market value of 35 million shares donated three times by Weir Shares in the past two years exceeds 3.4 billion yuan.
After the donation announcement was issued, many netizens were also hotly debating with investors. Some people said, “Is this a new type of disguised holdings reduction?” “Is this really a transfer of benefits or a reduction in holdings”...
According to public information, Weir Co., Ltd.'s main business is the development and design of products such as semiconductor discrete devices and power management ICs. As of January 23, Shaoxing Weihao held 89.1327 million shares of Weir shares, accounting for 7.33% of the total share capital. After the donation was completed, Shaoxing Weihao held 74.1327 million shares, accounting for 6.1% of the total share capital, and is still the third largest shareholder of the company.
Looking at the performance of the secondary market, the biggest cumulative decline in Weir's stock price since its July 2021 high has reached 73.83%.
