Eventful summer LED industry mergers and acquisitions followed

July, LED industry also really be called a eventful summer". A bankruptcy case, CREE was acquired after another, making a very lonely. In fact, a variety of mergers and acquisitions in the lighting industry has been in the ascendant, some statistics, only in the first half, there are more than a large number of mergers and acquisitions occurred. For example, in June, Riyadh acquired 100% stake in sky lighting for 350 million yuan; May, science and technology at a price of 450 million yuan acquisition of Hyun Seok photoelectric; March, Linsen bought a 80% stake in February the era of light;, NVC acquired yaoneng Holdings Limited 75% stake...... Some analysts have pointed out that with the rapid development of China lighting industry, the oversupply situation gradually appears, overcapacity, the future development trend of the lighting industry will also be integrated, while stronger enterprises through mergers and acquisitions bigger, while phasing out the competitive enterprises. Lighting industry mergers and acquisitions is fierce, it is simple, after the gentleman think tank arrangement, below generally presents in July so far, in our LED lighting industry in a series of investment, reduction, merger and purchase (termination) of the latest action. Through these early July frequently staged industry events, we try to understand the development of the refraction of the status quo of development and survival. HC semitek MEMSIC semiconductor acquisition of the evening of July 20th, still suspended in the HC semitek announcement, said the acquisition Target Corp is the leading global MEMS sensor (MEMS) MEMSIC (USA), INC. (MEMSIC semiconductor). Announcement shows that the company is currently the initial restructuring plan for the issue of shares to buy assets, namely: the underlying assets for the harmonious core optical (Yiwu) Photoelectric Technology Co. Ltd. (hereinafter referred to as "SPV"), from the SPV to the transaction of the Target Corp shareholders to buy 100% stake in the Target Corp. The transaction is the subject of the controlling shareholder of the assets of the Yiwu core light equity investment partnership (limited partnership). The company has signed an investment framework agreement with SPV and its controlling shareholders, which has been prepared for the Shenzhen stock exchange. The transaction price is determined on the basis of the Target Corp's net profit forecast for 2017 to 20 times the price earnings ratio, and the parties agree that the final transaction price shall be determined by the price of the appraisal agency. In this transaction, the underlying assets of SPV acquisition of 100% stake in the Target Corp for matters Chinese firms to buy overseas, to the competent departments of Commerce, development and Reform Commission, the foreign exchange administrative department and other relevant departments of the approval and filing, the transaction has not yet been performed to the relevant department for examination and approval procedures. The acquisition of LSD Zhongzhou photoelectric July 18th, Zhejiang Zhongzhou said LSD is consistent with the Au Optronics Co management consultation, signed the "investment agreement" reforming, and intends to acquire 40 million has entered the court bankruptcy reorganization of Zhejiang Zhongzhou Au Optronics Co. Announcements, Zhongzhou photoelectric is the enterprise bankruptcy reorganization of Hangzhou City Intermediate People's court ruling, the company before the LED filament industry recognized benchmark enterprise, technology, production process of LED filament product leader, due to a problem which the company can not operate normally in the introduction of external investment institutions in the process of entering the court bankruptcy reorganization. According to its own development strategy, LSD intended as investors to buy the debtor reforming, the proposed transferee 100% stake in shares held by existing shareholders of the debtor, to pay for the price of 40 million yuan. After the completion of the reorganization, LED filament intelligent lamp control system and the LSD Zhongzhou of the development, production and sales of industrial merge into lierda intelligent lighting control system in the universe LED filament lamp technology, intelligent lamp control system complete industry chain, quick start intelligent LED lighting control market. The layout of the whole industry chain of the Internet of things system will be greatly promoted, and led to the transformation and upgrading of the traditional LED lamp market. Founded in 2004, the central optoelectronics, starting from a small packaging enterprises, and now, has grown into one of the largest LED manufacturing companies in East china. R & D strength is very strong, in 2011 the company's ZL-SSL-SL05 high reliability road lighting LED light source integrated module is listed as the national key products. The key technology research of high efficiency white light LED industrialization in 2008 was selected in the National 863 plan. FSL and three investment in the evening of July 19th, FSL unveiled three consecutive investment announcement. Including the proposed acquisition of shares in the South and the company intends to acquire shares of the company and the establishment of a joint venture to build a major electrical products business. In a large amount of foreign investment, while the company also disclosed a reduction plan, intends to reduce the holding of the national hi tech stocks held in order to return the funds, focusing on the main industry. Acquisition of the South and the company FSL to use its own funds 180 million yuan acquisition of a limited liability company limited held in Shenzhen and South Communications Industrial Co., Ltd. of the shares of 32.85%. It is reported that the South and the company production and operation of electronic products, communications products, plastic products, mold products, radio transmission equipment, mobile phones (mobile phones), LED lighting products. Because Guangdong Province Electronic Information Industry Group Co Ltd is the controlling shareholder of FSL, and is the largest shareholder of the South and the company, the acquisition of FSL Ya hundred Holdings Limited South and 32.85% of the shares of the company after the completion of the FSL Electronics Group and in the South and the associated company formed a joint investment relationship. FSL's independent directors on the acquisition of equity issued an independent opinion that FSL through the acquisition of a hundred