Qinshang Optoelectronics announced on the evening of August 2 that the company recently signed a "Limited Partnership Agreement" with Shenzhen Taihesheng Financial Holdings Co., Ltd. According to the agreement, the company and Taihe Sheng Finance jointly funded the establishment of Shenzhen Hongyi No. M&A Fund Investment Enterprise (Limited Partnership).
The capital contribution is 3 billion yuan, all of which are funded by the currency. Among them, Qinshang Optoelectronics contributed RMB 400 million; Taihe Sheng Financial contributed RMB 400 million; the remaining capital contribution will be jointly funded by the general partner (Taihe Sheng Finance) and other partners (other partners have not yet determined). Qinshang Optoelectronics invested RMB 50 million in the first phase. After the establishment of the Fund, the remaining amount was determined after the investment target was signed with the investment target. The partnership period is 5 years.
The M&A fund intends to invest in the direction of the listed company's industry or related industries or other major related high-growth non-listed companies in the technology, media and communications sectors or equity-related investments; non-publicly issued shares of listed companies in China , bonds and warrants; smart cities, supply chain finance, sports culture industry, smart grid, cloud computing, Internet of Things, big data information management, etc. The aforementioned high-growth non-listed companies are required to be listed in the medium-term and mature period of China's domestic structure and those that were originally redeemed in China's overseas structure and intend to be listed or listed in the mainland China capital market or national equity trading system.
Qinshang Optoelectronics said that the purpose of participating in the investment and setting up the M&A fund is to cooperate with the company in mergers and acquisitions and industrial integration, continuously improve the industrial layout, promote strategic development, consolidate the company's position and enhance its comprehensive competitiveness.
Qinshang Optoelectronics is mainly engaged in LED lighting products. The LED lighting industry belongs to the emerging, energy-saving and environmental protection industries supported by the state. At the same time, however, in order to compete for market share, the competition among enterprises has become more and more fierce. In addition to the traditional price war, competition in brands and channels has gradually taken place. And with the gradual transformation of traditional lighting companies to semiconductor lighting, the overall competition in the industry has become increasingly fierce, which has prompted the decline of corporate profits in the industry to become a common phenomenon.
Participating in the establishment of M&A funds, participating in equity investment, seeking opportunities in smart cities, supply chain finance, sports culture industry, smart grid, cloud computing, Internet of Things, big data information management, etc., will help the integration of the company's industry and perfect.
The capital contribution is 3 billion yuan, all of which are funded by the currency. Among them, Qinshang Optoelectronics contributed RMB 400 million; Taihe Sheng Financial contributed RMB 400 million; the remaining capital contribution will be jointly funded by the general partner (Taihe Sheng Finance) and other partners (other partners have not yet determined). Qinshang Optoelectronics invested RMB 50 million in the first phase. After the establishment of the Fund, the remaining amount was determined after the investment target was signed with the investment target. The partnership period is 5 years.
The M&A fund intends to invest in the direction of the listed company's industry or related industries or other major related high-growth non-listed companies in the technology, media and communications sectors or equity-related investments; non-publicly issued shares of listed companies in China , bonds and warrants; smart cities, supply chain finance, sports culture industry, smart grid, cloud computing, Internet of Things, big data information management, etc. The aforementioned high-growth non-listed companies are required to be listed in the medium-term and mature period of China's domestic structure and those that were originally redeemed in China's overseas structure and intend to be listed or listed in the mainland China capital market or national equity trading system.
Qinshang Optoelectronics said that the purpose of participating in the investment and setting up the M&A fund is to cooperate with the company in mergers and acquisitions and industrial integration, continuously improve the industrial layout, promote strategic development, consolidate the company's position and enhance its comprehensive competitiveness.
Qinshang Optoelectronics is mainly engaged in LED lighting products. The LED lighting industry belongs to the emerging, energy-saving and environmental protection industries supported by the state. At the same time, however, in order to compete for market share, the competition among enterprises has become more and more fierce. In addition to the traditional price war, competition in brands and channels has gradually taken place. And with the gradual transformation of traditional lighting companies to semiconductor lighting, the overall competition in the industry has become increasingly fierce, which has prompted the decline of corporate profits in the industry to become a common phenomenon.
Participating in the establishment of M&A funds, participating in equity investment, seeking opportunities in smart cities, supply chain finance, sports culture industry, smart grid, cloud computing, Internet of Things, big data information management, etc., will help the integration of the company's industry and perfect.
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