Our ginseng purchase OSRAM lighting business by the United States through

Our participation in the acquisition of Germany's OSRAM (OSRAM) general lighting business, despite the initial delay, after the progress than imagined smoothly.

OSRAM spokesman said on the German local time on February 11th, the U.S. Foreign Investment Committee (CFIUS) has approved the sale of OSRAM general lighting business to include, China Linsen consortium. The United States is the final review of the overseas acquisition of the country, after obtaining the approval of all overseas countries, the acquisition will only be completed by the relevant regulatory authorities in the country to complete.

February 12th, Mu Linsen, executive general manager of Lin Jiliang to the daily economic news reporter confirmed the news, the acquisition will be followed by the implementation of the normal review procedures, accept safe review. The acquisition is expected to be completed this overseas in 2017, the brand effect of the future will be more emphasis on the OSRAM rawlinson.

Acquisition through us review

Lin Jiliang introduction, the U.S. Foreign Investment Committee approved the acquisition of the time, is in the evening of February 9th.

Because the United States is the final approval of the acquisition of overseas countries, so it is possible to review the U.S. Foreign Investment Committee, it is particularly important.

According to our latest announcement, OSRAM general lighting business of the acquisition, throughout the world many countries or regions, overseas delivery of assets through multi national or regional government departments, including the United States, Mexico, Macedonia, audit Turkey, Poland, Russia and Germany; including the current transaction has been completed the approval of overseas the Republic of Macedonia: antitrust review, Mexico antitrust review, Republic of Turkey antitrust review, Poland antitrust review, Russian antitrust review, Russian foreign security review, the German Ministry of economics and energy review.

In the United States for cross-border mergers and acquisitions of overseas enterprise audit is very strict. For example, in December 2016, President Obama ordered a ban on Ace semiconductor companies in Germany will sell in the U.S. business.

Lin Jiliang responded that the acquisition from the enterprise itself, M.L.S. involved in the acquisition of the general lighting business of OSRAM, does not involve national security, high-tech and other issues, the acquisition of the project is relatively simple.

According to our announcement, the acquisition of OSRAM is a separate split subsidiary, the main household lighting Landes Vance (LEDvance) 100% stake in its main business, including business, traditional LED lighting source and lighting business, intelligent lighting business Home Furnishing etc..

Analysis of FSL Lighting Association President Wu Yulin, Linsen is the acquisition of the general lighting business for OSRAM is basically not development, sale can get a sum of money; but the acquisition of semiconductor companies such as Ace, high-tech enterprises are foreign.

Expected to complete the acquisition in 2017

Our participation in the acquisition of 100% stake in Landes Vance cross-border acquisitions, was approved in the United States, has no foreign barriers to final approval can be completed within the current for domestic relevant regulatory authorities.

According to our latest announcement, the acquisition of the subject for the harmonious mingsum limited partners (hereinafter referred to as LP) a subsidiary of harmony mingsum (Yiwu) Photoelectric Technology Co. Ltd. (hereinafter referred to as mingsum photoelectric). Among them, LP by IDG capital, and Yiwu City Linsen state-owned asset management center, Linsen subscribed harmonious mingsum 1 billion 250 million yuan, accounting for 35.7142% of the shares.

As of now, the core photoelectric has achieved NDRC approval, Zhejiang Provincial Department of Commerce and the Ministry of Commerce approval consent filing reply, still need to obtain the approval of the safe of funds abroad, transactions of the relevant approval procedures are underway.

Lin Jiliang told the daily economic news reporter, the amount of this acquisition is not large. Although last year the central bank for foreign exchange policy has some adjustments, but in accordance with normal procedures, it is one of the procedures for the examination and approval of the acquisition must go through the safe, you can purchase, is expected to be completed in Landes Vance's acquisition in 2017.

According to our announcement, July 26, 2016, OSRAM decided to sell Landes Vance, mingsum photoelectric receiving more than 400 million euros in the purchase price.

Lin Chi Lian said that the OSRAM general lighting business after the completion of the acquisition, although Landes Vance also has technology, but the future will be more emphasis on the role of the brand rawlinson.

Wu Yulin said that in the global lighting market, OSRAM's technology is not ranked first, but its first brand, so will pay more attention to the role of the brand Linsen OSRAM. According to the announcement of Landes Linsen, Vance has global coverage of sales channels and customer network and strong brand influence.

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