Rising 2 billion 600 million disk access FSL behind the necessity and contingency

Guangzhou daily news yesterday, FSL China light King released announcement, announced its first major shareholder easy to master. Earlier, FSL, the largest shareholder of OSRAM Holdings Limited signed an agreement on the sale of shares to 2 billion 622 million yuan will be transferred to the shares of the Guangdong Provincial Electronic Information Industry Group Co., Ltd. to 100%. Yesterday's announcement shows that this transaction has been completed, in December 4th, FSL is the actual controller to change the Guangdong SASAC enterprises Guangdong rising Assets Management Co. ltd.. Relevant responsible person said, this merger and integration, is conducive to the integration of the whole industry chain in Foshan LED lighting industry. Yesterday, FSL opened high, up 2.08%.

Old man 2 billion 600 million transfer of shares of 100%

In September this year, the largest shareholder of FSL OSRAM Holdings Limited, the controlling shareholder of the German OSRAM company and the Guangdong Province Electronic Information Industry Group Co. Ltd (hereinafter referred to as the "group") signed the share purchase agreement, OSRAM Holdings Limited 100% of the shares transferred to the latter, the transfer price of 2 billion 622 million yuan.

Yesterday, FSL announced that the day before the electronic group has completed the transaction, electronic group became the sole shareholder of OSRAM holdings, and indirectly to become the largest shareholder of the company. As of December 4th, FSL Electronics Group directly and indirectly holds 231 million shares A shares, Shenzhen rising FSL holds 39 million 536 thousand shares A shares, rising investment holdings FSL B shares 2316.5 shares, three total holdings of FSL A, B shares 294 million shares, the total capital ratio was 23.144%.

According to the relevant regulations, the electronics group and concerted action of the current total number of shares held by FSL have substantially more than the rest of the shareholders, the company and the controlling shareholder of the company for the electronics group and concerted action, the actual control of Guangdong rising Assets Management Co., ltd..

Reporters learned that, China Light king FSL and OSRAM, the largest shareholder of the previous cooperation for up to 10 years. OSRAM is one of the world's leading manufacturers of lighting products. Insiders told reporters: the market reshuffle and FSL continuous decline in performance may be one of the reasons for the end of cooperation OSRAM". Prior to September of this year, FSL three quarterly report, FSL net profit attributable to shareholders of listed companies fell -75.58%, revenue also fell year on year.

"Disk access" is another real control of the Buddhist Enterprises

Reporters noted that the disk access electronic information group is Guangdong rising Assets Management Co. Ltd. (hereinafter referred to as "rising") a wholly owned subsidiary, is the rising of state-owned enterprises in Guangdong SASAC supervision, with billions of assets background. In early 2004, Foshan SASAC will hold its 23.97% state-owned FSL shares were transferred to the OSRAM people holding Co. Ltd. and Hongkong Youchang lighting equipment Co., ltd.. So FSL through this change, in fact, after a lapse of 10 years to return to the state owned.

And interestingly, in the cover before FSL, rising is another enterprise -- is the actual control of the Buddha called "package old man" nationstar. In September last year, rising a wholly owned subsidiary of Electronic Group invested 7 million yuan acquisition of nationstar is the largest shareholder of sigma 100% stake, which holds about 14.03% of the shares of nationstar. As of three quarterly this year, rising by participating in the nationstar will increase, directly holds 7.48% of the shares of nationstar.

Generous behind

1 rising money directly or indirectly in Foshan two large LED production enterprises, is inevitable or accidental?

The reporter saw a 2014 China LED lighting industry ranked 100, founded in 1958, the old FSL lighting enterprises to the total revenue of 3 billion 68 million yuan ranked "top seventh"; and was founded in 1969 of nationstar, 2014 revenues of 1 billion 543 million yuan, ranked sixteenth. Both strength should not be underestimated.

The rising money directly or indirectly in Foshan two large LED production enterprises, Guangdong Province Electronic Information Industry Group Co., Ltd. chairman, nationstar chairman He Yong said in an interview with the media, semiconductor lighting (LED) industry is the three wars in Guangdong Province focus on the development of strategic emerging industries, is also related to support industry. In addition, he said, in the country star power is the first step to build a complete industrial chain of the rising LED. The choice of FSL, is more for the consideration of the whole industry chain. State star in the upstream chip, packaging field has a leading edge, while FSL is a significant competitive in the downstream application areas, the two sides are conducive to the creation and improvement of the whole industry chain. He Yong said.

2 how to integrate operations in the future?

He Yong said that in the face of competition in the LED market, the future of China Star optoelectronics and FSL will be powerful alliances, dislocation development. One is the overall planning advantages under the brand dislocation development and market segments; two is formed on the middle and lower reaches of the effective cost control and internal system complement each other to form a joint force; three is the technology research and development, cost control, brand, market channel advantage for the initiative and the right to speak in the industry, constantly put enterprise "bigger and stronger to do better".

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