Jiangsu Nata Opto-electronic Material Co., Ltd.(hereinafter referred to as ‘Nata’) and its sponsor Pacific Securities together with sponsor representatives are latest penalized by ChinaSecuritiesRegulatoryCommission(CSRC), the ‘first case’ in 2013, a most recent such case was penalty on Shenzhen Jiawei over issue of LED concept stock in 2012. Nata is the sole firm who has independent intellectual property on alloyage and commercializes the utilization of MO source in China.
As Nata unveils in its third quarter report, LED industry does not move ahead as expected because of European debt crisis and sluggish market featuring a slowdown in demand for MO source and oversupply. This firm issued shares at RMB66 per each at its IPO, making it the highest one within 2012, however, the actual price has been hovering around its offering price in 58 trading days by 4th, January, 2013.
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