On the evening of July 19, Foshan Lighting disclosed three investment announcements in a row. These include the proposed acquisition of the equity of Nanhe Company, the proposed acquisition of the equity of Chanchang and the establishment of a joint venture to establish a main electrical product. At the same time as a large amount of foreign investment, the company also disclosed a reduction plan, intending to reduce its holdings of Guoxuan Hi-Tech stock, to withdraw funds, focus on the main business.
.jpg)
Acquisition of Nanhe Company to share the return revenue
The company intends to acquire 32.85% of the shares of Shenzhen Nanhe Communication Industrial Co., Ltd. (hereinafter referred to as “Nanhe Companyâ€) held by Baiya Co., Ltd. for RMB 180 million. Because Guangdong Electronic Information Industry Group Co., Ltd. (hereinafter referred to as “Electronic Groupâ€) is both a controlling shareholder of Foshan Lighting and the largest shareholder of Nanhe Company, the company acquired 32.85% of the shares of Nanhe Company held by Baiya Co., Ltd. After that, it will form a joint investment relationship with the electronics group in Nanhe.
According to reports, Nanhe Company was established in December 1983 with a registered capital of 63.33 million yuan. Its main business includes: production and operation of electronic products, communication products, plastic products, mold products, radio transmission equipment, mobile phones (mobile phones), LED lighting products; own factory and supporting dormitory leasing business at No. 100 Busha Road, Nanwan Street, Longgang District.
It should be noted that Nanhe Company's industrial plant in Buji Town, Longgang District, Shenzhen covers an area of ​​4,9009.8 square meters, and the land use is industrial land. In January 2013, Nanhe Company and Tianan Digital City signed the “Cooperation Agreementâ€, and the two parties agreed to jointly develop the urban renewal project for the Nanhe Company Shenzhen Industrial Plant. According to the "Cooperation Agreement", the urban land and the above-ground buildings (with a real estate license construction area of ​​57,447 square meters and temporary construction and other construction areas of 6522 square meters) will be updated in the city, and the new direction will be updated. And other functions.
For this urban renewal project, Nanhe Company does not need to invest any funds. After the completion of the construction, the total area of ​​the relocated property holding the real estate license will be 57,447 square meters, and the construction area of ​​the relocated property will be compensated by a ratio of one to two (1:1.2), totaling 6,8936.4 square meters, and the total construction area of ​​temporary buildings will be total. 6522 square meters, according to the ratio of 0.88 (1:0.8), the total construction area of ​​the relocated property will be 5217.6, and the total construction area of ​​the relocated property will be 74,154 square meters. At the same time, the "Cooperation Agreement" also stipulates that if the final plot ratio of the urban renewal project special plan is calculated to be 4.0 or above according to the project plot area of ​​49009.8 square meters, it should exceed the floor area ratio of 4.0 in addition to the agreed relocation property. The above (excluding 4.0) part will separately compensate the South and the company for 20% (20%) of the relocated property.
According to reports, the above-mentioned urban renewal project has been included in the first batch of plans for the 2016 Shenzhen Urban Renewal Unit Project and approved by the Shenzhen Municipal Government; at the same time, the project has been approved as the 2016 major project of Shenzhen. At present, the special plan for the city renewal project has been submitted to the relevant government departments of Shenzhen for approval. Foshan Lighting pointed out that after the completion of the project renovation, the return of the property will be expected. By acquiring the equity of Nanhe Company, the company can share the benefits brought by the urban renewal of the industrial zone in Shenzhen and increase the company's revenue sources.
Joint venture with electrical products companies
In addition, the company plans to invest 25.5 million yuan to jointly establish "Fo Zhao Electric Intelligent Control Technology Co., Ltd." (hereinafter referred to as "Fo Zhao Electric") with other legal persons (or individuals). The main business is research and development, production and sales of electrical sockets. , converters, switches and other electrical products, registered capital of 50 million yuan, the company accounted for 51% of the joint venture company; joint venture company management and backbone employees invested 8.5 million yuan, accounting for 17% of the joint venture company; production-side strategic investors invested 10 million Yuan, accounting for 20% of the joint venture company; sales-side strategic investors invested 6 million yuan, accounting for 12% of the joint venture company. All parties contribute in cash.
Foshan Lighting pointed out that electrical products have a certain correlation with lighting products, especially in the product sales channels. After years of development, the company has formed a nationwide marketing network layout with obvious channels. Advantage. With the company's perfect sales channels, brand awareness and rich management experience, it provides an effective guarantee for the rapid entry of electrical products into the market. By investing in the establishment of a holding subsidiary with the management of the joint venture company, key employees, production and sales strategy investors, the company can fully mobilize the enthusiasm of all parties, so that all parties can share risks, share investment, and promote the entry of electrical products business. On the right track.
The company's third investment is to repurchase the equity of the holding subsidiary. In order to integrate the company's internal resources and strengthen the management and resource utilization of Chanchang Company, Foshan Lighting plans to acquire a 30% stake in Chanchang Company held by Youchang Lighting Equipment Co., Ltd. According to reports, Chanchang Company is a joint venture company invested and established by the company in 2005. The registered capital is 72.7829 million yuan, the company accounts for 70% of the shares, and Youchang Lighting Equipment Co., Ltd. holds 30% of the shares. After the acquisition, the company will be wholly-owned. Holding Chanchang Company.
It is proposed to reduce the holding of Guoxuan High-Tech 4.17%
At the same time, Foshan Lighting also disclosed a plan to reduce its holdings: according to the company's own development needs, to expand and strengthen the company's main business, optimize the asset structure, lock in investment income, and meet the company's development of capital needs, the company plans to start from now until 2016 During the period of December 31, the company took a large-scale transaction or a centralized bidding transaction to reduce the holding of Guoxuan Hi-Tech stock. The number of shares held was not more than 36.5 million shares, no more than 4.17% of the current total share capital of Guoxuan Hi-Tech.
According to the announcement, the company holds a total of 73.602 million shares of Guoxuan Hi-Tech, accounting for 8.33% of the total share capital of Guoxuan Hi-Tech. The shares are unrestricted shares. According to the company's 2015 financial report, the historical cost of the book held by the company for the above-mentioned Guoxuan Hi-Tech shares is 160 million yuan. According to the closing price of 41.85 yuan/share on July 18, 2016, the market value of Guoxuan Hi-Tech stock held by the company is 3.055 billion yuan.
The company's independent directors believe that the company's reduction of some Guoxuan Hi-Tech stocks is in line with the company's own development, which is conducive to the company's focus on the main business, optimize asset structure, ensure investment income, and reduce the risk of capital market fluctuations.
In addition, the company also announced a provision for the provision for impairment of assets. The company made provision for asset impairment of RMB 21,160,600, which will directly reduce the net profit for the first half of 2016 by RMB 1,796,650. The Board of Directors believes that due to the continued shrinkage of the traditional lighting market and the rapid replacement of LED lighting products and short product cycles, some inventory backlogs are longer and there is a certain degree of impairment. Therefore, the company has made corresponding provisions for relevant stocks. Impairment preparation.
Protected Gold Mirrors with average reflection >98% for 900 nm - IR. These mirrors have the highest reflectance in infrared. Gold coatings are effective for applications requiring high reflectance in the NIR and IR regions.Zoolied provides the round, square and customized shape mirrors with a protected gold coating in various sizes. Protected gold is ideal for use in the IR wavelength range. The protective dielectric overcoat supplied by Zoolied is layered over the gold to help protect it from damage and make cleaning easier. These optics provide >96% average reflectance from 800nm to 20μm.
Au Coating Mirrors,Gold Coating Mirror,Protective Gold Mirrors,Si Mirror With Au Coating
Zoolied Inc. , https://www.zoolied.com