Fangda group counterattack LED industry "liantun three lighting enterprises

The day before, Shenzhen listed companies Fangda group Limited by Share Ltd announced that its wholly-owned subsidiary of Shenzhen new energy Co., Ltd. and natural Luo Huichi signed the agreement, the New Energy Company with no more than 48 million yuan in cash amount, the acquisition of Huichi Luo holdings or trustee on behalf of the holders of such actual control of three LED lighting company 60% equity.

According to public information, the main business of three LED lighting company was acquired 60% stake in all semiconductor lighting (LED) applications, namely Zhongshan City cable lighting Ltd. Zhongshan Henglan Town Teng Ding Lighting Electrical Appliance Factory (subsidiary three outlets), Shenzhen City gold code century electronics co..

From the point of view of assets, the size of the acquisition of equity is not large, and the establishment of a short period of time. Zhongshan City, which is a photoelectric lighting Co., Ltd. was established in April 28th last year, the registered capital of only 30 thousand yuan, but the financial indicators quite gratifying. Which by the end of 2013 net assets of 2 million 200 thousand, but as of June 30th this year, net assets have turned up to double the net assets of $6 million 770 thousand, net profit of up to $4 million 570 thousand. In addition Zhongshan Henglan Town Teng Ding lighting electrical appliance factory was established in October 12th last year, and as of June 30th, net assets of 5 million 50 thousand yuan.

According to the announcement, Luo Huichi is on the basis of the actual control of the three companies in the fixed assets, intangible assets, sales team and network, funded a new limited liability company, tentatively named Guangdong side cable optoelectronic Lighting Co. ltd.". The company acquired the amount of not more than 48 million yuan in cash limit, the acquisition of payment is conditional to the transaction, Huichi pay equity transfer 18 million yuan and 30 million yuan of capital to Target Corp. Under the agreement, Luo Huichi promised to Target Corp 7-12 months of 2014, sales revenue of 150 million yuan, net profit of 30 million yuan, 2015 sales revenue of 600 million yuan, net profit of 36 million yuan, 2016 sales revenue of 1 billion yuan, net profit of 60 million yuan.

The cost of the acquisition of new enterprises than the provincial enterprises

The acquisition of small lights in Zhongshan was founded only a year, and the overall size of the small, why can win the favor of listed companies? Yesterday, the Zhongshan Business Department of Limited by Share Ltd Jinyuan Securities senior investment adviser Xiong Mengwei said, listed companies to enter a new area of investment, generally do not take the re opening of the company's method, but through the acquisition of related enterprises to enter. More importantly, the cost of acquiring new businesses is lower. According to public information, in 2012 Fangda group holds a 64.58% stake in a subsidiary of Shenyang Fangda Semiconductor Lighting co.. But with the rise of the LED industry, the company also returned to the LED industry.

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