A group is facing difficulties, the transformation of "LED+ education" double industry needs to be tested

The main business is facing fierce competition in the industry under the background of rectangular education try to group transformation in which a slice. However, the road of transition frequency rectangular group encounter twists and turns. After the termination of the education investment assets signed a cooperation framework agreement, now again the termination of the acquisition of assets education group. Insiders said that the education industry is a high investment, long period of the industry, for the cross-border education industry listed companies faces some challenges, particularly the test's double main industry integration and operation management ability.

Overweight education fizzled

A group layout in the field of education does not seem smooth road. After the termination and the partners signed a framework agreement on education industry assets part of the shares by the transferee equity and capital way, rectangular Group intends to acquire education matters related assets of 51% equity once again fell through. For a group, no doubt to the transformation of the company on the way of education industry once again blocked.

The evening of June 28th, a group announced that the termination of planning major events, this also means that a defeat in the Group restructuring overweight education. It is reported that foreign investment in major matters of the planning of the rectangular group involved in education industry. The company intends to unaffiliated third parties related to education equity of 51% obtained by way of equity transfer and capital increase. The reason for the termination, the group explained that due to rectangular parties on some key issues and ultimately failed to reach consensus. So long continue to promote the project group that the current conditions are not ripe, decided to terminate the planning of this foreign investment matters. In fact, a group of the planning issues is not a long time, a group of historical retrospective announcement, due to planning major issues involving foreign investment in education industry, a group since May 16, 2017 morning opening date suspension. That is to say, after planning for more than a month, a group announced the planned abortion matters "".

It is worth mentioning that this is not a group in the field of education for the first time encounter defeat layout. As early as November 23, 2016, a group signed a cooperation framework agreement with the parties to the transaction, Guo Xiaona Lin Yunjian. Intends to 600 million yuan by the transferee equity (400 million yuan) and capital (200 million yuan) the total Shenzhen Telei New Education Group Limited (hereinafter referred to as "Telei new") 60% stake. The final transaction price to Telei new audit and evaluation based on the results, the two sides negotiated. At the same time, the counterparty commitments, Telei new (by merging caliber estimates after the completion of the integration of the 2017 year 2018 year), 2019 annual audited net number of non recurring gains and losses net profit attributable to owners of the parent company was 50 million yuan, 65 million yuan and 84 million 500 thousand yuan. In addition, the parties to the transaction commitment, since all the equity transfer within 180 trading days after the two market or bulk trading platform to buy a group shares, the purchase amount is not less than 120 million yuan, and the complete rectangular group company stock purchase to the underlying assets of 2019 annual audit report on the signing date, no reduction have to buy shares. The specific way of stock purchase shall be agreed upon by both parties. At that time, a group said that the signing of the framework agreement is an important step forward to the field of private education, will promote the deployment of the company in the field of education, for the company to further lay the foundation for the integration of education assets.

However, after the signing of the framework agreement for more than two months, a group released in February 9th this year, announced the termination of cooperation framework agreement. In this regard, a group explained that the two sides on the part of specific issues for future cooperation failed to reach an agreement by both parties through friendly consultations, agreed to terminate the "cooperation framework agreement".

The transformation of education is not easy

To terminate the planning matters, the famous economist Song Qinghui said, it can be seen that the rectangular group is not easy in the transformation of education industry.

Song Qinghui said that the education industry has broad market prospects, coupled with the A stock market "education concept stocks" scarcity degree is higher, so many encountered "ceiling" of cross listed companies have the education industry in the development process, trying to slice.

In fact, a group of education transformation is in the company's main business overall industry downturn "helpless" move. It is reported that in March 2012. The group is listed in the Shenzhen Stock Exchange, the report shows that in 2016, the company mainly engaged in LED lighting devices and LED lighting product development, design, production and sales. It is worth mentioning that in 2016 began the transition of education group. 2016 annual report, a group said the company based on the existing LED business development, and actively to the education industry transformation. At present, the company has been set up in Qianhai. International education management company, jointly established education Yide capital fund industry, through mergers and acquisitions, investment, integration of high-quality educational assets, the rapid transformation of education industry in order to achieve the objective of the company.

In the 2016 annual results briefing, a group chairman Deng Zichang had said, affected by the economic environment downturn, and the rapid development of LED lighting to replace the traditional lighting, the development of China's lighting industry has been affected to a certain extent, the lighting market is not satisfactory. LED industry price war after fierce competition and product homogenization, intense industry reshuffle, the industry enterprises obviously polarization. Large enterprises through mergers and acquisitions to further expand the scale, small and medium-sized enterprises are difficult to survive. In addition, Deng Zichang said, in the market competition and lighting should be