The investment and acquisition of the "summer of many things" in the LED industry followed

In July, the LED industry was also a "summer of many things". A bankruptcy event and a CREE acquisition ensued. In fact, all kinds of merger and acquisition events in the lighting industry have been in the ascendant. Some statistics show that in the first half of the year, there were many large mergers and acquisitions. For example, in June, Yad bought a 100% stake in Sino sky lighting with 350 million yuan; in May, 450 million yuan was bought and bought for dazzling photoelectricity; in March, he bought 80% of the time light source; in February, NVC acquired a 75% stake in yam Holdings Limited... Some analysts point out that, with the rapid development of China's lighting industry, the supply of more than demand is gradually presented, overcapacity, the future development trend of the lighting industry will be based on integration, by merger and restructuring to make large and strong enterprises, and gradually eliminate no competitive enterprises. The merger and acquisition in the lighting industry is going on fiercely, and this is true. After the collation of Jun Jun, the following is the latest movement in our LED lighting industry on investment, reduction and merger and purchase. Through these industry events in the early July, we try to understand the development and survival of the industry. In the evening of the acquisition of new semiconductor, hucan optoelectronic still in the late July 20th, still in the suspension of the hucan optoelectronic announcement, disclosed that the merger and acquisition Target Corp for the world's leading MEMS sensor enterprise MEMSIC, INC. (USA) (USA). The announcement shows that the company's preliminary restructuring plan is to issue shares for the purchase of shares, that is, the underlying asset is Yiwu Optoelectronic Technology Co., Ltd. ("SPV"), and the Target Corp's shareholders of the Target Corp are purchased from SPV to buy a 100% stake in Target Corp. The controlling shareholder of this transaction is the Yiwu harmony core equity investment partnership (limited partnership). The company has now signed an agreement with SPV and its controlling shareholders for the investment framework, which has been reported to the Shenzhen stock exchange. The transaction price is determined by the 15 to 20 times P / E ratio of the net profit predicted by the Target Corp in 2017, and the parties agree that the price of the final transaction price should be evaluated by the evaluation institution. In this transaction, the underlying asset SPV acquisition of the 100% stake in Target Corp is a matter for Chinese enterprises to buy overseas enterprises, which requires the approval and filing of relevant departments, such as the business authorities, the development and Reform Commission, the foreign exchange management department, and so on. The current transactions have not yet been approved by the relevant departments. LLDA bought Zeus optoelectronic in July 18th, LDA said that it was in agreement with the Zhejiang Au Optronics Co administrator to sign the "restructuring investment agreement" and to buy 40 million Zhejiang Au Optronics Co, which had already entered the court's bankruptcy reorganization. The announcement shows that the zhongzeo optoelectronic is a bankrupt reorganization enterprise ruled by the Hangzhou intermediate people's court. The company was previously recognized as the benchmarking enterprise of the LED filament. It is the leading enterprise in the technology and production process of LED filament products. Because of the problems in the introduction of external investment institutions, the company can not operate normally. Enter the court for bankruptcy and reorganization. According to its own development strategy, LLDA intends to buy a debtor as a reorganization investor and is to be allowed to hold a 100% share of the existing shareholders in the debtor, with a payment of 40 million yuan. After the completion of the reorganization, LLDA's intelligent lamp control system is merged with the development, production and sales of the LED filament in the middle Zeus. In the LED lamp technology of the middle Zeus, LLDA intelligent lamp control system is integrated into the industrial chain of the intelligent lamp control system, and the intelligent LED lamp control market is quickly started. The layout of the whole industry chain of the company's Internet of things system will be greatly promoted, and it has promoted the transformation and upgrading of the traditional LED lamp market. Zhongzeo optoelectronic was founded in 2004, starting from a small packaging enterprise. Now, the middle Zeus has become one of the largest LED manufacturing enterprises in East China. The research and development strength of the middle Zeus is very strong. In 2011, the ZL-SSL-SL05 type high reliability road lighting LED light source integrated module was listed as the national key product. In 2008, the key technology of the high - efficiency ampere - level white light LED industrialization was studied in the 863 national plan. FSL continued to open three investments in the evening of July 19th, and FSL announced three consecutive investment announcements. It includes the acquisition of shares in the South and the company, the acquisition of the shares of Chan Chang company and a joint venture to establish a main electrical product. While large foreign investment, the company also disclosed a reduction plan to reduce the holdings of the country's Hin high science shares, in order to return funds to focus on the main industry. The purchase of Nanhe company FSL used its own capital of 180 million yuan to buy a share of 32.85% of Shenzhen Nanhe Co., Ltd., held by the company of Bai Ya limited. It is reported that the South and the company production and operation of electronic products, communication products, plastic products, mold products, radio transmission equipment, mobile phone (mobile phone), LED lighting products. Since Guangdong Electronic Information Industry Group Co., Ltd. is both the controlling shareholder of FSL and the largest shareholder of South and company, after the completion of the 32.85% shares of the South and the company held by FSL Co., Ltd., FSL will form a joint investment relationship with the electronic group in the South and the company. The independent director of FSL issued an independent opinion on the stock acquisition. It believed that FSL could share the income of the South and the company's industrial plant in Buji Town, Longgang, Shenzhen, through the acquisition of 32.85% shares of the company's south and the company, and increase the company's income. The source of interest. Foshan Chan Chang electric (Gaoming) Co., Ltd. is a joint venture established by FSL in 2005, with a registered capital of 72 million 782 thousand and 900 yuan, FSL 70% shares, and you Chang Light Equipment Co., Ltd. accounts for 30% shares. In order to integrate the internal resources of FSL and strengthen the management and resource utilization of Chan Chang company, FSL will buy the 30% share of Chan Chang company, which is held by your company. FSL said the acquisition of the 30% stake in Zen Chang will help the company to further integrate the resources, strengthen the management and resource utilization of Chan Chang company, and enhance the company's profitability. After this acquisition, the company will fully share the holding of Chan Chang company. The announcement also showed that at the beginning of 2016 to the disclosure day, FSL and you - Chang lighting equipment Co., Ltd. and its associated parties have accumulated a total of 21 million 2 thousand and 100 yuan in daily related transactions. Chan Chang electric appliances production and management of lamps and lanterns, electric light source products and accessories, related engineering installation and consulting business. The joint venture was set up by FSL for 25 million 500 thousand yuan, and co funded with other legal persons (or individuals) to set up the "Buddha Zhao electrician Zhi Control Technology Co., Ltd." (provisional, the registration of industry and Commerce) (hereinafter referred to as "Buddha Zhao electrician" or "joint venture"), the main business of the joint venture. To develop, produce and sell electrical appliances such as electrical outlets, converters, switches and other electrical products. FSL's foreign investment is 25 million 500 thousand yuan, accounting for 51% of the joint venture, the management and the backbone of the joint venture capital 8 million 500 thousand yuan, accounting for 17% shares of the joint venture, and the strategic investor of the production end is 10 million yuan, accounting for 20% of the joint venture, and the sales end of the strategic investor is 6 million yuan, accounting for 12% shares of the joint venture. All parties are financed by cash. FSL said that the company is able to develop and sell electrical products through investment, which can enrich the company's product structure and further enhance its comprehensive competitiveness and profitability, which is in line with the strategic objectives of the company's development. The FSL board of directors agreed that the board of directors agreed to authorize management from the board of directors for the period from the date of the bill to December 31, 2016, to take a large amount of trading or centralized bidding, and to reduce the number of holdings in some countries in accordance with the law and in accordance with the law. No more than 36 million 500 thousand shares, not more than 4.17% of the current capital stock of the state Xuan high branch. After this transaction, the shares of FSL holdings will fall to 36506150 shares, accounting for about 4.17% of the total share capital of the national Xuan high branch. The independent director of FSL believes that the company's reduction of some of the hin - Gao shares is in line with the company's own development, which is conducive to the company's focus on the main industry, the optimization of the asset structure, the guarantee of the investment income, and the reduction of the risk caused by the fluctuation in the capital market. Kang Jia's acquisition of Toshiba lighting in 7 month, Kang Jia Lighting officially launched a strategic cooperation and supply agreement with Toshiba Lighting Co., Ltd., mainly through the transfer of equity and transfer of assets, receiving the lighting business of Toshiba lighting in China, involving over 1 billion yuan. Through the agreement, Konka lighting also acquired the right to use Toshiba's "TOSHIBA Toshiba" brand in the mainland and Hongkong markets. It is reported that Kang Jia Lighting is a subsidiary of the conglomerate group's LED lighting industry. Through a series of integration movements, Kang Jia Lighting aims to achieve the goal of 2 billion yuan and 5 years and 5 billion yuan for the next 3 years. The cooperation agreement was signed by Konka lighting and Toshiba lighting as early as December 21, 2015. The person in charge of Kang Jia Lighting said that the Toshiba lighting business received has been integrated and now formally completed the personnel adjustment. As an old household appliance enterprise in China, Kang Jia group formally entered the LED lighting industry at the end of 2008. In 2013, Shanghai Kang Jia Green Lighting Technology Co., Ltd. was set up. For Kang Jia to receive the lighting business of Toshiba in China, there is an expert analysis. Kang Jia group has a considerable scale of capital flowing water, increasing the investment of profit business. It is the normal action of the company's development. Abison terminated the acquisition of Artixium in the late July 18th, Abison announced that, considering the complexity of the transaction and the uncertainty of the promotion, the company decided to terminate the purchase of Artixium DisplayLtd. (hereinafter referred to as "Artixium") 51% shares, and the decision to notify the transaction to the hand. As early as in May 9th, Abison signed the "memorandum of investment" with Artixium to invest 4 million 500 thousand US dollars in the acquisition of 51% shares held by the original Artixium shareholders. According to the data, Artixium is a LED display manufacturer founded by European shareholders and headquarters in Hongkong, China. It was founded in 2014. It mainly provides products such as stadium screen, rental screen and so on. The core members of the Artixium R & D team are mainly from Europe, and Artixium has a strong product design and innovation capability. Abison said that the termination of the purchase will not affect the expansion plan of the company's display products in the European and American sports field, and the Future Ltd will seek development in the European and American sports field through endogenous development and extension. San an optoelectronic acquisition of cosmos semiconductor July 14th, San an optoelectronic said that the company's acquisition of cosmos semiconductor is being approved, but the approval of the adoption of uncertainty. San an optoelectronic is mainly engaged in the development and application of III - V compound semiconductor materials. It focuses on the epitaxial and chip as the core main industry of gallium arsenide, gallium nitride, silicon carbide, indium phosphide, aluminum nitride, sapphire and so on. It is divided into visible light, invisible light, communication and power conversion.