OSRAM arch up Jishou Foshan shares

The day before OSRAM announced the sale of 13.5% shares of FSL, the right to make Guangdong Province Electronic Information Industry Group Co. Ltd, the sale value of about 350 million euros.

LEDinside research associate Chu Yu Chao said: "OSRAM to sell FSL shares, its purpose is to improve the lighting business value. In order to maximize the value, OSRAM hopes to sell their own traditional lighting and LED lighting department. "

This German lighting manufacturers press release pointed out that this time to sell 30% shares of FSL shares at a premium. According to Bloomberg data show that FSL shares on Thursday (10) morning to open at RMB 11.82 yuan, and finally closed at RMB 12.62 yuan, or up to 10.02%

OSRAM decided to sell shares, but also beneficial to FSL, Chu Yu Chao said: "Wakao Shiro continue to hold FSL shares, new buyers will become FSL's largest shareholder, and may also purchase lighting business two companies. This is not the case FSL would like to see, especially the new investors may be the object of competition for a while. "

Ltd. Guangdong rising assets after the completion of the transaction (GRAM) subsidiary of Guangdong Electronic Information Industry Group Co. Ltd (GEIIG), will become the largest shareholder of FSL.

Guangdong electronic information industry group limited company is Guangdong rising Assets Management Co., a wholly owned subsidiary of the registered capital of 462 million yuan, the Guangdong SASAC supervision of state-owned enterprises. Its business scope includes electronic information technology products and electrical products development, production, sales, electronic information networks and computer operators, computer technology services, equipment, venue rental services, etc..

At the end of April 2015, OSRAM announced the spin off traditional lamp contains the traditional bulb, ballast (Classic Lamps & Ballasts, CLB) and LED (LED Lamps and lighting systems department & Systems, LLS). At that time, OSRAM said it would focus on the company's Lighting (Specialty, SP), such as automotive lighting, laser, LED packaging and components business group. At that time, OSRAM insiders, the company will be operating guidelines to B2B program.

A July 2015 report by the Reuters had predicted that OSRAM may consider selling its lighting business group to FSL, NVC or Yankon. The Chinese government will play a key role in the bid to prevent mergers and acquisitions from damaging market prices. At present, the Chinese government to participate in the development of the situation is indeed on schedule.

Guangdong rising Assets Management Co. Ltd is the Guangdong SASAC supervision of state-owned enterprises, investment include mining, electronic communications, construction project and the financial sector. At present, China is also one of the major shareholder of LED plant star optoelectronics. Other parts LED and LED lighting subsidiaries include Guangdong Guangsheng photoelectric, Shenzhen nanho communication, Henan rising technology investment limited and a number of other manufacturers. At the completion of FSL shares after the transaction, will be able to directly or indirectly affect the fate of LED Industry Co. Ltd. Guangdong rising assets management. (/LED Linzhi)