Yesterday, China Light King - Foshan Lighting announced an announcement to announce its first major shareholder. Earlier, Foshan Lighting's largest shareholder, OSRAM Holdings Co., Ltd. signed a share sale and purchase agreement to transfer 100% of the shares to Guangdong Electronic Information Industry Group Co., Ltd. for 2.622 billion yuan. Yesterday's announcement showed that the transaction was completed on December 4th. At this point, the actual controller of Foshan Lighting was changed to Guangdong Guangsheng Asset Management Co., Ltd., a subsidiary of Guangdong State-owned Assets Supervision and Administration Commission. The relevant person in charge said that this merger and integration is conducive to the integration of the entire industrial chain of Foshan LED lighting industry. Yesterday, Foshan Lighting opened lower and closed at the end of the gain of 2.08%.
"Old man" 2.6 billion transfer of 100% shares
In September this year, Germany Osram, the controlling shareholder of Foshan Lighting's largest shareholder Osram Holdings Ltd., signed a share sale and purchase agreement with Guangdong Electronic Information Industry Group Co., Ltd. (hereinafter referred to as “Electronic Groupâ€, which will 100% of Osram Holdings Limited. Transferred to the latter, the transfer price reached 2.622 billion yuan.
Yesterday, Foshan Lighting announced that the electronic group had completed the relevant transactions, and the electronics group became the sole shareholder of Osram Holdings and indirectly became the company's largest shareholder. As of December 4, the Electronics Group directly and indirectly held 231 million shares of Foshan Lighting A shares, Shenzhen Guangsheng held 39.536 million shares of Foshan Lighting, and Guangsheng Investment held 2316.5 shares of Foshan Lighting B shares, the total of the three There are 294 million A and B shares in Foshan Lighting, accounting for 23.144% of the company's total share capital.
According to the relevant regulations, since the number of shares held by the electronics group and its concerted actors is much higher than that of the rest of the company, the controlling shareholder of the company is the electronic group and its concerted action, and the actual controller is Guangdong. Guangsheng Asset Management Co., Ltd.
The reporter learned that “China Light King†Foshan Lighting has been working with Osram, the former largest shareholder, for 10 years. OSRAM is one of the world's two leading manufacturers of lighting products. Some insiders told reporters: "The market reshuffle and the decline in Foshan's continuous performance may be one of the reasons for Osram to end the cooperation." In the first nine months of this year, Foshan Lighting's third quarterly report showed that Foshan Lighting's shareholder's net profit attributable to listed companies fell by -75.58% year-on-year, and revenue also fell year-on-year.
"Receiver" is also the actual controller of another Buddhist enterprise
The reporter noted that this time the electronic information group is a wholly-owned subsidiary of Guangdong Guangsheng Asset Management Co., Ltd. (hereinafter referred to as “Guangyiâ€), and Guangsheng is a state-owned sole proprietorship regulated by the Guangdong State-owned Assets Supervision and Administration Commission, with 100 billion yuan. Asset background. As early as 2004, Foshan SASAC transferred 23.93% of its Foshan Lighting State-owned shares to Osram Prosperity Holdings Co., Ltd. and Hong Kong Youchang Lighting Equipment Co., Ltd. respectively. Therefore, Foshan Lighting passed the change and actually returned to the state capital after 10 years.
What's interesting is that before the inclusion of Foshan Lighting, Guangsheng is already another Buddhist enterprise – the actual controller of Guoxing Optoelectronics, which is known as “Packaging Daxieâ€. In September last year, Guangsheng’s wholly-owned subsidiary Electronics Group spent more than 700 million yuan to acquire 100% equity of Guoxing Optoelectronics’ first largest sharer, East Gema, and thus held a stake of 14.03% of Guoxing Optoelectronics. As of the third quarter of this year, Hirose directly held 7.48% of the shares of Guoxing Optoelectronics through participation in the establishment of Guoxing Optoelectronics.
Behind the big hand
1. It is inevitable or accidental that Guangyu Dashao directly or indirectly accesses two large LED manufacturers in Foshan.
In a list of the top 100 LED lighting industry in China in 2014, the reporter saw that the old lighting company Foshan Lighting, which was established in 1958, ranked 7th in the “Top 100†with a total revenue of 3.068 billion yuan; it was established in 1969. In the year of National Star Optoelectronics, in 2014, it achieved revenue of 1.543 billion yuan, ranking 16th. The strength of the two should not be underestimated.
For the large-scale direct or indirect access to the two large LED manufacturers in Foshan, the chairman of Guangdong Electronic Information Industry Group Co., Ltd. and the chairman of Guoxing Optoelectronics, He Yong, said in an interview that the semiconductor lighting (LED) industry is Guangdong Province. One of the three strategic emerging industries that are focused on development is also an industry that is strongly supported. In addition, he revealed that entering the National Star Optoelectronics is the first step to realize the complete industrial chain of LED construction. The choice of Foshan Lighting is more due to the consideration of the entire industry chain. “Guo Xing Optoelectronics has a leading edge in upstream chip and packaging, while Foshan Lighting has significant competitiveness in downstream applications. The synergy between the two parties is conducive to the creation and improvement of the entire industry chain.†He Yong said.
2. How to integrate operations in the future?
He Yong said that in the face of LED market competition, the future of Guoxing Optoelectronics and Foshan Lighting will be strong and joint development. The first is to plan the misplaced development and market segmentation under the respective brand advantages; the second is to form an effective cost control and the endogenous system complement each other to form a synergy; the third is the advantage of technology research and development, cost control, brand and market channel. In the industry, it seeks the dominance and discourse power, and constantly “strengthens and expands the enterpriseâ€.
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