2015 LED industry listed companies to terminate the acquisition of 10 events

China LED Reuters] after experiencing excess capacity, the industry after the winter, in 2015, to the listed company as the leading M & A has become the main theme of the LED market. This year, the number of mergers and acquisitions of listed companies, regardless of the amount or the amount of transactions are showing substantial growth, fully reflects the characteristics of mergers and acquisitions of Listed Companies in the market. According to the October LEDinside statistics show that as of the time, the merger has occurred more than 37 cases, of course, the follow-up is still increasing.

A lot of M & A transactions can be described as a hundred miles in ninety, there are successes and failures. For each transaction, not only the successful cases of failure cases also need to write a great deal about worth, careful checking. Love for the capital of the LED industry, those aborted merger need more thorough checking.

KingSun juchuang the termination of the acquisition of 51% stake in science and technology

KingSun February 5, 2015 after the announcement, said the company and juchuang technology "equity acquisition agreement" signed "termination agreement", the termination of the acquisition of 51% equity matters juchuang technology.

Announcements, KingSun December 9, 2014 and juchuang technology signed a letter of intent to acquire equity, intends to acquire equity transfer juchuang technology 51% stake. Although after several friendly consultations between the two sides, failed to reach an agreement on specific matters of mergers and acquisitions, the two sides decided to terminate the acquisition of the project.

Dew laugh technology to terminate a major asset restructuring

Dew smile technology June 29, 2015 evening announcement, due to planning major events, the company's shares have been suspended since opening on December 1, 2014. After the disclosure of the plan, the two sides to further refine the transaction program, but after several discussions on the two sides failed to reach a consensus on the specific provisions of the transaction. In view of this situation, the parties agreed to terminate the reorganization of the major asset restructuring. Company shares continue to be suspended.

Mao restructuring project termination

Moso Polytron Technologies Inc on May 20, 2015 issued "on the termination of a major asset restructuring and planning of non-public offering of shares to continue the suspension notice", detailed argumentation and analysis, and counterparties and intermediaries after many consultations, that this major asset restructuring plan conditions are not ripe, after careful consideration, the company decided to the termination of this major asset restructuring, and has signed with the counterparty to terminate this major asset restructuring related agreements.

Chau Ming technology overseas over 300 million U.S. dollars to terminate the reorganization project

Shenzhen unilumin Polytron Technologies Inc July 14th announcement, because during the suspension, the company organized intermediaries were carefully investigated and communication of the Target Corp, and arrange the executive meeting of the general manager of the investment analysis. That, due to the Target Corp for overseas enterprises, and to assess the value of the investment process is relatively complex, and both companies in the integration process will inevitably produce a variety of risk factors such as transnational cultural differences, the administrative approval process cumbersome and unforeseen will affect both synergies.

In view of the above reasons, after careful consideration, the company continued to promote the matter that conditions are not ripe, in order to reduce business risk and cost, starting from the protection of the interests of all shareholders, the company decided to terminate the expected investment of more than $300 million of overseas project planning matters.

The termination of the acquisition of LIAN Fengte infrared equity

LIAN photoelectric July 28, 2015 evening disclosure, and the parties failed to reach an agreement in the transaction details, the company decided to terminate the framework agreement to acquire equity "Fengte infrared.

In April 18, 2015, the construction of Guangzhou and Fengte Limited by Share Ltd, Guangzhou Ying Fu Levin infrared Automation Technology Co., Ltd. signed a "transfer of shares and share capital framework agreement". The agreement said that the construction intends to not more than 150 million yuan transferee Fengte IR 20% stake, the final transfer price negotiated according to the audit, evaluation results. At the same time in the construction and acquisition of shares, intends to cash is not more than 150 million yuan of capital accounts for Fengte Fengte infrared, infrared acquisition of 16.67% stake; after the completion of the capital increase, the company holds a 33.34% stake in Fengte infrared. When the infrared Fengte achieve performance targets agreed upon by both parties and other conditions, the remainder of the company will acquire Fengte infrared.

The company said, the "framework agreement" after the signing of agreement between the parties in accordance with the agreement to actively promote the related work in the subsequent process of implementation, and the parties failed to agree on the details of the transaction the company, through friendly consultations, decided to terminate the "framework agreement".

The photoelectric termination of the acquisition of shares of the Air Media

The photoelectric released in August 24, 2015 semi annual report also announced that the company's termination of the acquisition of Air Media Group Co., Ltd. 5% stake. The company issued "on the acquisition of the Air Media Group Co., Ltd. 5% stake in the notice" in April 8, 2015, the company intends to use its own funds 150 million yuan acquisition of Beijing Sheng joint advertising company limited holds 5% stake in Air Media Group Co. ltd.. The spirit combined selection of Air Media stock transfer will be held August 24, 2015 to third party investors, companies and Air Media signed a "joint prosperity and termination of the agreement", the company to terminate the acquisition transaction.

FSL plans to terminate the acquisition of Bain Capital

FSL September 8, 2015 evening announcement, due to the company and Bain Capital (Hongkong) Co., Ltd. planning major mergers and acquisitions, the company stock