[High-tech LED reporter Zhao Hui] Recently, the relevant news about the new regulations on mergers and acquisitions issued by the China Securities Regulatory Commission was widely forwarded in the WeChat circle of directors of LED listed companies. From the attention of the secretaries of the board of directors, it can be seen that the popularity of listed companies and mergers and acquisitions in the LED industry is rising.
On July 11, the China Securities Regulatory Commission announced the latest revision of the Measures for the Administration of Acquisitions and Major Assets of Listed Companies. The new regulations canceled the examination and approval of M&A activities and further enriched the market pricing and payment methods for M&A activities.
Some brokerages said that the new regulations are in line with current capital market demand, making mergers and acquisitions and restructuring more operational, and at the same time simplifying procedures, and the cost and time of mergers and acquisitions will be greatly reduced.
In the eyes of capital marketers, the biggest highlight of the new regulation is the cancellation of the major companies’ purchase, sale and replacement of assets, and the elimination of the threshold and profitability of listed companies to purchase shares from non-related third parties. Forecast compensation requirements.
However, it is worth noting that the issuance of new shares for mergers and acquisitions, due to the issue of issuance, whether or not it meets the major standards, must still be reported for approval. This means that if you pay in cash, you do not need to approve.
According to the statistics of the High-tech LED Industry Research Institute (GLII), as of July 16, 2014, there are still 7 LED-related listed companies in the suspension period of mergers and acquisitions or major asset restructuring. These include Huacan Optoelectronics (300323.SZ), Wanrun Technology (002654.SZ), and Weiwei (300317.SZ).
The latest major asset restructuring suspension is Lianjian Optoelectronics (300269.SZ).
On the evening of July 15, Lianjian Optoelectronics announced that the company is planning a major asset restructuring, and the company's shares have been suspended since the market opened on July 16, 2014.
Since the beginning of last year, there have been many major asset acquisition cases in the LED industry. For example, Qiwei shares acquired lighting, Hongli Optoelectronics acquired Smect Optoelectronics, and Jingdian acquired Yuanyuan.
With the rapid development of LED lighting, M&A has become one of the important means for LED listed companies to become bigger and stronger, increase production capacity and make up shortcomings.
The lighting of Qiwei's acquisition of products is to take advantage of its advantages in channels and brands, and intends to quickly open up the domestic market.
"Mainly based on development strategy considerations, the relevant acquisitions for the gradual realization of the company's industrial layout." Hongli Optoelectronics Secretary-General Deng Shou-ti said when he talked about the acquisition of Smide, Hongli Optoelectronics saw the team of Smide and the company's EMC brackets, packaging technology and complementing the company in terms of products and customer resources.
The integration of crystal power and roundness has brought about a rapid expansion of production capacity.
Since the first half of this year, driven by the accelerated LED lighting market, the supply and demand of LED chip factory capacity has been tight, and the shortage of production capacity of Jingyuan Optoelectronics as a chip leader is more obvious. Choosing a merger and acquisition of Haoyuan Optoelectronics is a good strategy to ease the pressure on current production capacity.
When talking about the future development direction of Hongli Optoelectronics, Deng Shoutie said that in order to actively promote the company's development strategy, the company will adopt the dual measures of endogenous growth and extensional development. The extension of the development is mainly to give play to the advantages of the company as a listed company, through mergers and acquisitions with a better management team, product structure, technology reserves, business channels, etc., and can achieve good synergy with the company's target realization.
"In the age of melee, isolated guerrillas could not survive." Dr. Zhang Xiaofei, CEO of Gaogong LED, believes that mergers and acquisitions will be more in the second half and next year.
The introduction of the new policy of mergers and acquisitions by the China Securities Regulatory Commission will promote a new round of climax of listed companies and mergers and acquisitions, and the case of adopting cash acquisition methods will be more in the future.
On July 11, the China Securities Regulatory Commission announced the latest revision of the Measures for the Administration of Acquisitions and Major Assets of Listed Companies. The new regulations canceled the examination and approval of M&A activities and further enriched the market pricing and payment methods for M&A activities.
Some brokerages said that the new regulations are in line with current capital market demand, making mergers and acquisitions and restructuring more operational, and at the same time simplifying procedures, and the cost and time of mergers and acquisitions will be greatly reduced.
In the eyes of capital marketers, the biggest highlight of the new regulation is the cancellation of the major companies’ purchase, sale and replacement of assets, and the elimination of the threshold and profitability of listed companies to purchase shares from non-related third parties. Forecast compensation requirements.
However, it is worth noting that the issuance of new shares for mergers and acquisitions, due to the issue of issuance, whether or not it meets the major standards, must still be reported for approval. This means that if you pay in cash, you do not need to approve.
According to the statistics of the High-tech LED Industry Research Institute (GLII), as of July 16, 2014, there are still 7 LED-related listed companies in the suspension period of mergers and acquisitions or major asset restructuring. These include Huacan Optoelectronics (300323.SZ), Wanrun Technology (002654.SZ), and Weiwei (300317.SZ).
The latest major asset restructuring suspension is Lianjian Optoelectronics (300269.SZ).
On the evening of July 15, Lianjian Optoelectronics announced that the company is planning a major asset restructuring, and the company's shares have been suspended since the market opened on July 16, 2014.
Since the beginning of last year, there have been many major asset acquisition cases in the LED industry. For example, Qiwei shares acquired lighting, Hongli Optoelectronics acquired Smect Optoelectronics, and Jingdian acquired Yuanyuan.
With the rapid development of LED lighting, M&A has become one of the important means for LED listed companies to become bigger and stronger, increase production capacity and make up shortcomings.
The lighting of Qiwei's acquisition of products is to take advantage of its advantages in channels and brands, and intends to quickly open up the domestic market.
"Mainly based on development strategy considerations, the relevant acquisitions for the gradual realization of the company's industrial layout." Hongli Optoelectronics Secretary-General Deng Shou-ti said when he talked about the acquisition of Smide, Hongli Optoelectronics saw the team of Smide and the company's EMC brackets, packaging technology and complementing the company in terms of products and customer resources.
The integration of crystal power and roundness has brought about a rapid expansion of production capacity.
Since the first half of this year, driven by the accelerated LED lighting market, the supply and demand of LED chip factory capacity has been tight, and the shortage of production capacity of Jingyuan Optoelectronics as a chip leader is more obvious. Choosing a merger and acquisition of Haoyuan Optoelectronics is a good strategy to ease the pressure on current production capacity.
When talking about the future development direction of Hongli Optoelectronics, Deng Shoutie said that in order to actively promote the company's development strategy, the company will adopt the dual measures of endogenous growth and extensional development. The extension of the development is mainly to give play to the advantages of the company as a listed company, through mergers and acquisitions with a better management team, product structure, technology reserves, business channels, etc., and can achieve good synergy with the company's target realization.
"In the age of melee, isolated guerrillas could not survive." Dr. Zhang Xiaofei, CEO of Gaogong LED, believes that mergers and acquisitions will be more in the second half and next year.
The introduction of the new policy of mergers and acquisitions by the China Securities Regulatory Commission will promote a new round of climax of listed companies and mergers and acquisitions, and the case of adopting cash acquisition methods will be more in the future.
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