AXT Inc (NAS:AXTI)
$ 2.22 -0.1 (-4.31%) Market Cap: 98.75 Mil Enterprise Value: 126.08 Mil PE Ratio: 0 PB Ratio: 0.50 GF Score: 70/100

AXT Inc to Discuss the Announcement of the Strategic Plan to Access China's Capital Markets - Conference Call Transcript

Nov 16, 2020 / 10:30PM GMT
Release Date Price: $7.84 (+1.88%)
Operator

Good afternoon, everyone, and thank you for joining our investor update. Leading the call today is Dr. Morris Young, Chief Financial Officer (sic) [Chief Executive Officer]. My name is Valarie, and I'll be your coordinator today. (Operator Instructions) As a reminder, this conference call is being recorded.

I will now turn the call over to your host, Leslie Green, Investor Relations for AXT.

Leslie Green

Thank you, Valerie, and good afternoon, everyone. Before we begin, I would like to remind you that during the course of this conference call, including comments made in response to your questions, we will provide projections or make other forward-looking statements regarding, among other things, our plan to merge Tongmei, our wafer manufacturing company in China with BoYu and JinMei; Tongmei receiving the first tranche of private equity investment funds; signing investment documents to secure the second tranche of private equity investment funds into Tongmei and subsequently receiving such funds; completing other preliminary steps in connection with the

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