Investment, reduction, mergers and acquisitions reflect the development status of LED lighting industry?
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In July, the LED industry is really a summer of events. In the case of the product bankruptcy incident, Cree was followed by the acquisition, and it was so lonely. In fact, various mergers and acquisitions in the lighting industry have been in the ascendant. Some people have statistics, and in the first half of the year, there have been many large mergers and acquisitions. For example, in June, Liard acquired a 100% stake in Zhongtian Lighting with RMB 350 million. In May, Zhengye Technology purchased a price of RMB 450 million and acquired Hyun Shuo Optoelectronics. In March, Mulinsen purchased an 80% stake in Time Light. In February, NVC Lighting acquired 75% of the shares of Yao Neng Holdings Co., Ltd. Some analysts pointed out that with the rapid development of China's lighting industry, the situation of oversupply is gradually emerging, overcapacity, and the future development trend of the lighting industry is also It will be based on integration, while making large and strong enterprises through mergers and acquisitions, while gradually eliminating uncompetitive enterprises. The mergers and acquisitions in the lighting industry are going on fiercely. This is indeed a virginity. After sorting out by Zhikujun, the following is a general introduction of the series of investment and reduction in our LED lighting industry. Termination) The latest action such as mergers and acquisitions. Through these industry events that were frequently staged in early July, we tried to understand the development and survival status reflected by its development. Huacan Optoelectronics acquired Meixin Semiconductor on the evening of July 20, and Huacan Optoelectronics, which is still in suspension, issued an announcement revealing that the target company is the world's leading microelectromechanical (MEMS) sensor company MEMSIC, INC. (USA) ). The announcement shows that the company's initial reorganization plan is to purchase shares to purchase assets, that is, the underlying assets are Harmony Corelight (Yiwu) Optoelectronics Technology Co., Ltd. (SPV), and SPV purchases the target company from the shareholders of the target company of the transaction. 100% equity. The controlling shareholder of the underlying assets of this transaction is Yiwu Harmony Corelight Equity Investment Partnership (Limited Partnership). The company has signed an investment framework agreement with SPV and its controlling shareholder, which has been reported to the Shenzhen Stock Exchange. The transaction price is determined based on the P/E ratio of the target company's 2017 forecast net profit of 15 to 20 times, and the parties agree that the final transaction price is subject to the price confirmed by the evaluation agency. In this transaction, the target asset SPV acquired 100% equity of the target company for the acquisition of overseas enterprises by Chinese enterprises. It requires the approval and filing of the competent departments of commerce, the National Development and Reform Commission, the foreign exchange administration and other relevant departments. The transaction has not yet been approved by the relevant departments. A step of. Lierda acquired Zhongzhou Optoelectronics on July 18, Lierda said that it had signed a "restructuring investment agreement" with the manager of Zhejiang Zhongzhou Optoelectronics Co., Ltd., and planned to acquire 40 million yuan in Zhejiang, which has entered the bankruptcy reorganization of the court. Zhongzhou Photoelectric Co., Ltd. The announcement shows that Zhongzhou Optoelectronics is a bankruptcy reorganization enterprise decided by the Hangzhou Intermediate People's Court. The company was previously recognized as a benchmark for LED filaments in the industry. It is a leader in the technology and production process of LED filament products, due to the introduction of external investment. There was a problem in the process of the organization and the company was unable to operate normally and entered the bankruptcy reorganization. According to its own development strategy, Lierda intends to acquire the debtor as a reorganization investor, and intends to acquire 100% equity held by the existing shareholders of Zhongzhou Co., Ltd., and the consideration price is 40 million yuan. After the reorganization, Lierda's intelligent light control system merges with Zhongzhou's LED filament development, production and sales industry, and integrates Lierda intelligent light control system into Zhongzhou LED filament lamp technology to form a complete intelligence. Light control system industry chain, quickly launch the market of intelligent LED light control. The layout of the entire industrial chain of the company's Internet of Things system will be a great push, and will drive the transformation and upgrading of the traditional LED lamp market. Founded in 2004, Zhongzhou Optoelectronics started from a small packaging company. Now, Zhongzhou has grown into one of the largest LED manufacturers in East China. Zhongzhou has strong R&D capabilities. In 2011, the company's ZL-SSL-SL05 high-reliability road lighting LED light source integrated module was listed as a national key product. In 2008, the key technology research of high-efficiency ampere-level white LED industrialization was selected into the National 863 Program.
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