The so-called "four noes" resolution of the investment review meeting means that Sanan may not require the transfer of IP, may not engage in talents, may not require intervention in management, and may not require technology transfer.
Zhang Shixian, deputy general manager and spokesperson of Jingdian, confirmed that there are indeed major shareholders who have reflected the relevant situation on the board of directors. Sanan’s investment in the Ministry of Economic Affairs agreed that the shares held by the Ministry of Economic Affairs will be converted into the shares of Jingdian. The company has digged the corners of the employees who have left the company, and has violated the conditions for the investment committee to agree to Sanan’s shareholding in Jingdian. However, Zhang Shixian stressed that it is not known whether the major shareholders have made a request to the government.
In 2013, Sanan Optoelectronics acquired a 19.9% ​​stake in the company with NT$2,352 million and became the largest shareholder. In June last year, Jingdian acquired a round of mergers and acquisitions. At that time, Sanan could choose to retain 120 million private equity shares. Or convert into a regular share of Jingdian, which will hold a 3.1% stake in Jingdian.
The Ministry of Economic Affairs approved the case on October 27, 2014, and Sanan Optoelectronics obtained a 3.1% stake in Jingdian. The examination and approval meeting also attaches the principle of "four noes", and if there is a violation, it will forcefully withdraw funds.
However, in order to become the LED overlord on both sides of the strait, Sanan continued to attack the crystal power in the past four years, and digs away more than 100 engineers. It is understood that the latest action of Sanan is to dig up the team of ten people in Jingdian, responsible for the operation of the new factory in Xiamen, and form the fuse that the major shareholders of Jingdian demanded the divestment of Sanan. The major shareholders of Jingdian said: "This is an approach that does not put the Taiwanese government in the eye."
Zhang Shixian said that in the past, Jingdian had filed a lawsuit against the employees who had been hacked by Sanan. However, even if Jingdian’s retired employees took the technology of Sanan at that time, Jingdian could not win the case because Sanan placed Jingdian’s departing employees in the look. A company that has nothing to do with Sanan, but actually works for Sanan, and it is difficult to prove it in law.
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