Rising subsidiary invested 2 billion 600 million into the largest shareholder of FSL

FSL today (10) announcement, the largest shareholder of the company OSRAM Holdings Limited, the controlling shareholder of OSRAM GmbH and the Guangdong Province Electronic Information Industry Group Co., Ltd. signed the share purchase agreement, the price of 2 billion 621 million yuan OSRAM Holdings Limited 100% of the shares transferred to the latter, after the completion of the transaction, which will become the largest shareholder of the company.

It is understood that OSRAM holds 171360391 shares of FSL A shares, the shareholding ratio of $13.47%. OSRAM SIEMENS group, is one of the world's three largest manufacturer of electric light source. In 2005, the Foshan municipal SASAC will hold its state-owned shares in FSL 13.47% transferred to OSRAM and Hongkong Youchang joint venture holding company, after the exit of Hongkong prosperity, the joint venture company is OSRAM holding company 100%.

Today, the disclosure of transactions transferee of Guangdong Electronic Information Industry Group Co. Ltd is a large state-owned enterprise approved by the people's Government of Guangdong province by the Guangdong Provincial Bureau of industry of electronic system reform, the registered capital of 462 million yuan, including the operation of the electronic information technology and product development, production and sales of electrical products, electronic information and computer network operation of electronic computer technology services, equipment, venue rental services etc..

It is worth noting that Guangdong electronic information industry group limited company is Guangdong rising Assets Management Co., a wholly owned subsidiary of the state-owned enterprises in Guangdong SASAC supervision. While rising company actual controller is another main LED lighting company Foshan nationstar optoelectronics.

Last September, nationstar issued a non-public offering of shares plan, the number of non-public offering is not more than 45 million shares, the company rising and constant GF 15 subscription. Notice that, after the completion of the issuance, the company rising will directly hold 7.37% of the voting shares of the company, and through the Guangdong Province electronic information industry group company indirectly controlled 12.70% of the voting shares, the total control of 20.07% of the voting shares and become the actual controller.

In addition to nationstar, rising company and its subsidiaries electronic group Guangdong Guangsheng Photoelectric Technology Co. Ltd., Shenzhen Guangdong ingot Precision Machine Co. Ltd., Shenzhen nanho Communication Industry Co. Ltd., Henan rising technology investment limited in scope of business or the actual business involves the LED components, the production or sale of lighting products.

This time with OSRAM after the completion of the transaction, the company rising has directly or indirectly in two large domestic LED production enterprises, or will further stimulate domestic LED industry reshuffle.

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