Overweight LED business, allring technology intends to double a company holding two

With the development of LED industry matures, the general lighting profit margins continue to be compressed, and now most lighting enterprises mainly rely on the scale of victory. Obviously, only the size of the fight is not enough to support the rapid growth of listed companies, so the high potential, high profit market segments become the focus of attention of many big companies. In this context, big events, cruise economy, urbanization and other multilateral drive, landscape lighting industry market size of nearly trillion, set off a boom in the industry layout.

LED industry well-known enterprises Shenzhen wealthrun Polytron Technologies Inc (hereinafter referred to as the "company") is also actively deployed, the company today evening announcement said, intends to acquire the cash in Guangdong built Tianyou Lighting Co. Ltd (hereinafter referred to as the aesthetics of "build God") 51.0248% stake and Nanjing Langhui Photoelectric Technology Co. Ltd. (hereinafter referred to as "Lang photoeloctronic") 51% stake. It is reported that the two companies are excellent domestic lighting engineering design and construction integration company, has the contractor Yiji city and road lighting engineering and lighting engineering design special qualification qualification, known as the "double a".

According to the announcement, build Tianyou 51.0248% of equity trading on the price of 209201680 yuan; Langhui photoelectric 51% stake in the trading price of not more than 255 million yuan, the final transaction price reference issued by the appraisal institution with business qualifications of securities and futures company hired the evaluation report, confirmed by consultation between the two sides. If the transaction is completed, the building and Langhui photoelectric Tianyou will become a subsidiary of the company.

The building is Tianyou lighting engineering company professional, has "the city and road lighting engineering contractor Class" and "special lighting engineering design B" (its wholly-owned subsidiary of Guangdong according to Rui Lighting Design Co. Ltd is a Class A), "electronic and intelligent engineering contracting, construction machinery installation engineering contractor two" professional qualification. In 2018 -2020 were built a commitment to achieve a net profit of 45 million, 48 million, 62 million 400 thousand. Allring technology said that through this acquisition, can further enhance the company in LED lighting especially in municipal engineering, landscape lighting market competitiveness, is conducive to improve the company in the lighting market segments of the industry status, promote the formation of LED downstream business synergies, enhance the overall strength of the company LED business sector.

Lang photoeloctronic also has the city and road lighting professional contract level and lighting engineering design professional grade certificate. Lang photoeloctronic commitment to achieve a net profit of 50 million, 65 million, 2018 -2020 84 million 500 thousand. Allring technology believes that through this acquisition, can further enhance the company in LED lighting and road lighting city especially in terms of market competitiveness, help improve the company in the lighting market segments of the industry status, promote the formation of LED downstream business synergies, enhance the overall strength of the company LED business sector.

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