Qinshang again promote the education industry, intends to use the lighting business

Yesterday (24) evening, KingSun shares announcement, to further promote and improve the layout in the education industry, the company intends to present one of the main business of semiconductor lighting business. Company shares continued to be suspended from May 25th, is expected to determine whether the 10 trading days constitute a major asset reorganization.

For the news, the industry is not too many accidents, everything seems to have been expected. In fact, as early as 2016, KingSun shares of former secretaries Hu Shaoan said that the future does not rule out the possibility of LED divestiture of listed companies.

In addition, KingSun shares secretaries office before the interview letter in reply to the reporter said, the Future Ltd plans to further improve the strategic deployment in the field of private education, improve the ability in quality education resources and education service supply, sustained and stable development of power company.

Since 2016, KingSun shares a "cross into the education industry, stride forward singing militant songs" the completion of the acquisition or the proposed acquisition of the education standard as high as 7, the subject of the valuation from million to several billions of dollars.

In January 2016, KingSun announced the acquisition of draft, intends to 2 billion acquisition of Guangzhou Longwen Education Technology Co., Ltd. 100% stake, and by the SFC in August, finally officially completed "delivery at the end of 11".

In October 12, 2016 reached an agreement with the Shenzhen city education industry limited company, British education intends to obtain a 40% stake to a total of 88 million yuan in cash, and indirectly holds 100% stake in the British education Shenzhen International College 40% stake.

In November 8, 2016, the company signed an agreement with He Zhijian, Liu Dongming, intends to acquire two holdings of equity and education LRRH the actual control of all kindergartens or equity ratio of not less than 80%, and the valuation of assets of 870 million yuan.

In December 17, 2016, KingSun announced that a wholly owned subsidiary of Hongkong Qinshang intends to cash in the form of the acquisition of Aidi holdings of 100% stake in Eddie education, and the valuation of 2 billion 900 million yuan. Eddie education is a basis of the laws of the Cayman Islands and the establishment of the existence of exemption of the limited liability company, through the VIE control in the Chinese arrangement of several educational assets and business school.

In January 20, 2017, KingSun and education "and the acquisition of capital bump signed memorandum", to be made not less than 10% of the equity bump education through cash; at the same time signed "memorandum" and the acquisition of capital / skill education, intends to obtain a reasonable education of not less than 10% of the shares by cash. The investment in the company of bump education investment before the valuation of 260 million yuan, the investment valuation of 600 million yuan for the reasonable education.

In February 7, 2017, KingSun announcement that intends to planning equity acquisitions, the underlying asset belongs to the education industry, is expected to amount has reached the shareholders' meeting the criteria. The suspension of the proposed acquisition of educational assets will be spent, who also caused widespread speculation.

In fact, in addition to the acquisition of education assets, KingSun also intends to set up a wholly owned subsidiary of QINSHANG Education Investment Co. Ltd. with its own funds invested 100 million yuan, to speed up the company in the field of education and expand the business layout.

In addition, KingSun to promote the company's development in the field of education and training, expand the project financing channels, respectively in August 26th and China Life Insurance Limited by Share Ltd and China jiuying asset management limited liability company signed a "strategic cooperation framework agreement, the parties to be in line with the company's strategic development direction in the field of education and training and other industries financial and the diversification of industrial cooperation, including but not limited to seek acquisition resources, asset restructuring, asset injection, supporting financing, private placement and other capital operation matters.

In May 2017, KingSun shares with Chengdu Ding Xing quantum Cci Capital Ltd, see Cci Capital Ltd jointly signed the "cooperation agreement", jointly established merger fund the acquisition of Aidi Education Acquisition (Cayman) Limited or the control of the assets to carry out cooperation in education.

For KingSun, 2016 is a transition year, really play a back cross, from kindergarten to university, from domestic to international. Thus, KingSun industry continued good education, education, education of the deep transformation is very firm determination.

However, KingSun shares education but did not get good results layout. According to the revised Qinshang shares 2016 report shows that net profit attributable to shareholders of listed companies for the loss of 427 million yuan, down 2160.66%. This is also the first loss since its listing, the reason is that last year's acquisition of Guangzhou Longwen Education Technology Co., Ltd. performance commitments are not standard, and the existence of 420 million yuan of goodwill impairment.

However, the performance losses did not combat the company's continued confidence in the transformation of the education industry, and how the follow-up effect remains to be seen. (text /LEDinside, Nicole)

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