Demystifying the truth about Osram and Foshan Lighting's "not happy marriage" for 10 years

OFweek Lighting News On September 9, Foshan Lighting announced that OSRAM GmbH, the controlling shareholder of Osram Holdings Co., Ltd., the company's largest shareholder, signed a share sale with Guangdong Electronic Information Industry Group Co., Ltd. (hereinafter referred to as Electronic Information Group). Agreement to transfer 100% of Osram Holdings Limited to the latter. As a result, the largest shareholder of Foshan Lighting changed to the Electronic Information Group. It is observed that Electronic Information Group is a wholly-owned subsidiary of Guangsheng Asset Management Co., Ltd. (hereinafter referred to as Guangsheng Assets) under the state-owned assets of Guangdong State. Therefore, Foshan Lighting will become an asset of Guangsheng. Before the inclusion of Foshan Lighting, Hirose Assets is the actual controller of another LED lighting company Guoxing Optoelectronics. Liu Jun, deputy dean of the South Network Guangya Lighting Research Institute, said that the marketing area of ​​Foshan Lighting is mainly concentrated in the traditional circulation field, and the gross profit is declining. Guangsheng Assets, which is listed in Foshan Lighting, can use its state-owned background to help Foshan Lighting develop high-end sales channels, including high-end commercial lighting and municipal engineering. Guangsheng opened the LED industry Foshan Lighting announced that the company received the notice of OSRAM GmbH, the controlling shareholder of Osram Holdings Co., Ltd., the largest shareholder: OSRAMGmbH was transferred with Guangdong Electronic Information Industry Group Co., Ltd. on September 9, 2015. The 100% stake in Osram Holdings Limited signed a share sale and purchase agreement. The entire issued share capital of Osram Holdings Limited includes 171 million A shares of Foshan Lighting held by OSRAM Holdings Limited. This part of the shares accounted for 13.47% of the total share capital of Foshan Lighting, the purchase price of about 2.622 billion yuan. Since Guangdong Electronic Information Industry Group Co., Ltd. is a wholly-owned subsidiary of Guangsheng Assets, this means that the actual controller of Foshan Lighting has turned into a vast asset. In fact, Hirose Assets is the actual controller of Guoxing Optoelectronics. In September last year, the wholly-owned subsidiary of Hirose Assets held a stake of 14.03% of Guoxing Optoelectronics through the acquisition of 100% equity of Guoxing Optoelectronics, the largest shareholder of East Star. In July of this year, Hirose Assets directly held 7.37% of the shares of Guoxing Optoelectronics through participation in the growth of Guoxing Optoelectronics. LED lighting industry said that through this operation, Hirose Assets has entered two large domestic LED manufacturing enterprises, among which Guoxing Optoelectronics is in the middle and upper reaches of the industry, Foshan Lighting is in the downstream of the industry, in fact, the entire LED industry chain For integration, I think it is to open up the upstream and downstream industry chain. This is the integration of Guangzhao Assets into the LED supply chain. Liu Jun also said that it will not rule out that there will be other acquisitions in the future. After the integration of the industrial chain, the cost of Foshan lighting will decline, the brand image will be improved, and the industry chain will be integrated. There is a positive help in the acquisition of points of interest. 12

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