Lumileds failed to continue the search for Jinsha River core technology projects

March 31, 2015, led by the Jinsha River GO Scale Capital Chinese foreign consortium and the Royal Bank of Holland, PHILPS reached the acquisition of Royal PHILPS's Lumileds 80.1% stake in the agreement. To complete the delivery, the two teams in the past nearly a year, and actively cooperate with the U.S. Foreign Investment Committee (CFIUS) and other regulatory review. Recently, the two sides announced that due to the U.S. foreign investment committee can not solve the concerns about national security, the two sides have decided to stop the transaction.

In this acquisition, Chinese market power and industrial base, the Jinsha River GO Scale Capital with strong financial strength, and in-depth understanding of the semiconductor industry, through fair and open competition in many international competitors in talent shows itself. Both sides believe that LumiLEDs's advanced technology, combined with the Chinese market and industrial base, Lumileds can quickly upgrade to the industry's leading enterprises in the world LED industry to create a disruptive glory.

Over the past year, through the CFIUS review, the two sides have always been sincere cooperation and actively respond. But after nearly a year of adjustment, update programs, divestitures, the deal ultimately failed to lift CFIUS's concerns about national security. Both sides expressed regret.

At present, China has a huge market, a good industrial base, if combined with global advanced technology, will create opportunities for industrial upgrading, cross-border mergers and acquisitions of Chinese enterprises will be the trend. Lumileds project is not stopped with the termination of cooperation with PHILPS, Jinsha River GO Scale Capital led syndicate is also actively involved in the acquisition of PHILPS lighting group.

Jinsha River GO Scale Capital Chairman Mr. Wu Shen handsome pointed out that "in the process of cooperation with PHILPS, the two sides established a relationship of mutual trust, will continue to deepen cooperation with PHILPS. Through this transaction, Jinsha River GO Scale Capital accumulated a wealth of experience. Jinsha and Chinese will spare no effort to continue to look for a syndicated core technology, there is a vast market for investment projects. Jinsha River GO Scale Capital thank China Investment Corp, Asia Pacific Resources Development Investment Limited and the Nanchang Industrial Holdings Limited and other Chinese and foreign financial support for China bank syndicated financing support for this transaction, thanks from all walks of life in this past year in the sincere help and trust. We firmly believe that through technological innovation, industrial upgrading, we can be in China, the achievement of world-class high-tech companies! "

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