In the past two years, the transfer of controlling rights of LED listed companies has been frequent. Following Changfang Group, Hongli Zhihui, and Kinglight, another listed company, Wanrun Technology, announced that the controlling rights will be changed. From the perspective of the receiving party, there are not only local state-owned assets, but also venture capital companies and natural persons.
According to the share transfer agreement, the Li Zhijiang family, the actual controller of Wanrun Technology, plans to transfer 20.21% of the equity to Hubei Hongtai Capital Investment and Operation Group Co., Ltd., a subsidiary of Hubei State-owned Assets Supervision and Administration Commission. After the transaction is completed, Hubei SASAC will become the actual controller of the listed company.
The Li Zhijiang family cashed out 950 million
Before this equity change, Li Zhijiang, Luo Xiaoyan, Li Chi and their concerted actors Luo Ming, Huang Haixia, Luo Ping, Li Zhijun and Hu Jianguo held a total of 323,609,007 shares of Wanrun Technology, accounting for 35.85% of the total share capital of Wanrun Technology %, the controlling shareholder, actual controller and persons acting in concert of Wanrun Technology.
After this equity change, Li Zhijiang, Luo Xiaoyan, Li Chi and their concerted actors Luo Ming, Huang Haixia, Luo Ping, Li Zhijun and Hu Jianguo held a total of 141,154,350 shares of Wanrun Technology, accounting for 15.64% of the total share capital of Wanrun Technology %; Hongtai Investment holds 182,454,657 shares of Wanrun Technology, accounting for 20.21% of the total share capital of Wanrun Technology, and becomes the controlling shareholder of Wanrun Technology. The State-owned Assets Supervision and Administration Commission of Hubei Province will become the actual controller of Wanrun Technology. However, the announcement reminded that Hongtai Investment’s payment of 951 million yuan for the transfer of shares will take effect after the approval of the Hubei Provincial State-owned Assets Supervision and Administration Commission.
In addition, the two parties also stipulated that Li Zhijiang entrusts the voting rights, proposal rights, nomination rights and other shareholder rights other than those stipulated in the equity transfer agreement of the 3% shares of Wanrun Technology to Hongtai Investment. The entrustment period is three years. ; During the entrustment period, Li Zhijiang and other transferors and their concerted actors agreed to give up the voting rights, proposal rights, nomination rights and other shareholder rights other than those stipulated in the share transfer agreement corresponding to the remaining untransferred shares of the listed company held by them.
Li Zhijiang, a native of Xiantao, Hubei, is the founder of Wanrun Technology and is currently the chairman of Wanrun Technology. According to the company announcement, Li Zhijiang and other actual controllers of the company and their concerted actors hold a total of 35.85% of the company's shares. The accumulative number of pledged shares Accounted for 95.63%, accounting for 34.29% of the company's total share capital.
Wanrun Technology takes LED and advertising media two-wheel drive as its business model. In the first three quarters of 2018, the company achieved an operating income of 3.418 billion yuan, an increase of 65.76% over the same period of the previous year; the net profit was 140 million yuan, an increase over the same period of the previous year. 6.71%.
According to the data, Hongtai Investment was established on March 22, 2006. It is a wholly state-owned company with 100% shares held by the State-owned Assets Supervision and Administration Commission of Hubei Province. The business scope of Hongtai Investment includes capital operation, asset management and investment; domestic trade of chemical building materials, hardware and minerals, machinery and equipment, and electronic products; trusteeship, acquisition and disposal of enterprises and assets (creditor's rights and debts); investment consulting (excluding securities and futures) Consulting), financial consultants, corporate restructuring and merger consultants and agents.
M&A maniacs are "M&A"
Since 2014, Wanrun Technology has successively acquired Rishang Optoelectronics, Auman Technology, Dingsheng Yixuan, Yiwan Wireless, Botu Advertising, Vientiane Xindong, Xinli Media, Zhongzhu Tianyou and Langhui Optoelectronics, involving LED lighting, Internet software application and promotion, Internet marketing and full case services, mobile Internet advertising, Internet search engine advertising and other fields. Except for Rishang Optoelectronics, Auman Technology, Zhongzhu Tianyou and Langhui Optoelectronics, which are mergers and acquisitions in the same industry, the other five are cross-border mergers and acquisitions. In terms of the transaction price of a single asset, Xinli Media is the highest, followed by Vientiane Xindong, which is 560 million yuan. At the same time, Dingsheng Yixuan and Hundred Million Wireless, which were acquired at the same time, totaled 739 million yuan.
In August 2014, Wanrun Technology acquired Rishang Optoelectronics for 390 million yuan, cut into the development of LED advertising sign lighting, and opened the way of integration and mergers and acquisitions in the LED industry chain. In August 2015, Wanrun Technology acquired a 22% stake in Zhongshan Auman Technology Lighting Co., Ltd. for 30 million yuan to improve the industrial chain, drive the digestion of packaging capacity, form a scale advantage, and further improve the company's packaging devices. Market share and increase profitability.
In November 2015, participated in Botu Advertising. In April 2016, Wanrun Technology completed the acquisition of two Internet advertising companies, Dingsheng Yixuan and Yiwan Wireless. In January 2017, the company acquired Vientiane Xindong, which expanded the width of the mobile Internet field horizontally and supplemented traditional brand advertisers. Vertically Wanrun Technology's digital marketing has extended and deepened to DSP programmatic buying and DMP big data analysis. In September 2017, Wanrun Technology acquired 100% equity of Xinli Media, and once again increased the advertising business.
In early 2015, Wanrun Technology had a clear strategic plan for transformation, that is, to build the entire industry chain of Internet advertising media through extensional mergers and acquisitions. "According to Hao Jun's vision, creative planning, channel delivery, data mining, programmatic buying, and media resources will be the main and indispensable links in this entire industry chain.
In March 2018, Wanrun Technology planned to acquire Zhongzhu Tianyou and Langhui Optoelectronics to increase the outdoor LED lighting business. In November 2018, Wanrun Technology transferred 20.21% of the equity. After the transaction is completed, Hubei SASAC will become the actual controller of the listed company. It can be seen that Wanrun Technology, which likes mergers and acquisitions, was finally acquired by others.
Changes in controlling shares of other LED companies
Hongli Zhihui
In July this year, Hongli Zhihui just ushered in the change of the largest shareholder. The company's former largest shareholder and chairman Li Guoping and the second largest shareholder Ma Chengzhang transferred their shares to Jinduo Investment. Since then, Jinduo Investment has further increased its holdings from June 25th to July 17th by means of block transactions and centralized bidding, and accumulated 21.38% of the shares of Hongli Zhihui.
In addition, from July 19 to November 9, Hongli Zhihui’s largest shareholder, Jin Duo Investment, has accumulated 35.6796 million shares in the company through the secondary market, reaching 5.00% of the company’s total share capital. Through this equity change, Jinduo Investment has accumulated 26.38% of the company's equity. Before this increase in holdings, Hongli Zhihui was still in a situation of no controlling shareholder and no actual controller. After this increase in holdings, Jinduo Investment became the company's controlling shareholder, and Luzhou State-owned Assets Supervision and Administration Commission became the company's actual controller.
From the transfer of Hongli Zhihui's largest shareholder's equity, to the step by step increase in holdings to become the controlling shareholder, the series of actions of Jinduo Investment can be described as "lightning".
Jinduo Investment said that it recognizes Hongli Zhihui's past performance and industry status in the field of LED packaging, and agrees with the company's long-term development plan for the three major business sectors of LED packaging, LED automotive lighting, and Internet car owner services, and attaches great importance to the company. future growth and investment returns.
Changfang Group
On May 25, Changfang Group announced that the transfer of the company's shares by the controlling shareholder and actual controller was completed on May 24. The controlling shareholder of the company was changed to Nanchang Optics Valley, and the actual controller of the company was changed to Wang Min.
After the equity change is completed, Nanchang Optics Valley owns 29.99% of the shares of the listed company that can exercise voting rights, and Nanchang Xinwang owns 7.5% of the shares of the listed company.
Before this share transfer, the company's original controlling shareholders and actual controllers Deng Zichang, Deng Ziquan, Deng Zihua, and Deng Zixian held a total of 41.59% of the shares. After this share transfer, the total shareholding of the "Deng Brothers" dropped to 24.16%.
Previously, due to the fierce competition in the LED packaging industry, in 2016, Changfang Group announced that the LED industry would cross-border into the education industry. However, after planning a series of restructuring of the education industry, the effect is not satisfactory. In the 2017 annual report, Changfang Group has been vague about the transformation of the education industry.
In fact, through the additional purchase of Kang Mingsheng, efforts were made to off-grid lighting; and then a new round of personnel adjustment was carried out, and Li Dichu became the general manager and presided over the daily affairs of the company. It can be seen that Changfang Group has begun to refocus on the main LED business, and it also began to turn losses into profits in 2017. It can be seen that the main LED business of Changfang Group is slowly recovering.
Regarding the strength of Jingneng Optoelectronics, the market has debated. Nanchang Media reported in November 2017 that Jingneng Optoelectronics’ silicon substrate LED market share ranks in the forefront of the world in the field of mobile lighting. production plan.
Kinright
On October 20, 2017, Jiang Xiaorong, the controlling shareholder of Kinglight, signed the "Share Transfer Agreement" with Huaxin Chuangli. Jiang Xiaorong planned to transfer a total of 55,991,300 shares of Kinglight to Huaxin Chuangli by means of agreement transfer.
According to Kinglight's announcement, Jiang Xiaorong, the company's controlling shareholder and actual controller, plans to transfer 55.9913 million shares he holds to Huaxin Chuangli at a price of 20 yuan per share, accounting for 29.99% of Kinglight's total shares. The transfer price is approximately 1.120 billion yuan. After the transaction is completed, Huaxin Chuangli will become the controlling shareholder of the company, and Cai Xiaoru, the actual controller of Huaxin Chuangli, will become the actual controller of the listed company.
Behind the equity transfer, the sudden death of Tian Chou, the original controlling shareholder and actual controller of Kinglight, had a major impact on Jiang Xiaorong's body and mind. As the mother of three minor children, Jiang Xiaorong has to undertake the work of raising and educating the family and children. Ability to serve as the controlling shareholder of a listed company.
According to the data, Huaxin Chuangli is a company established in March 2017. Its business scope includes investment in new energy and power system technology projects; investment and establishment of industries; technology development and sales of LED lighting and related charging equipment; domestic trade; Operating import and export business, etc. The actual controller of Huaxin Chuangli, Cai Xiaoru, is the controlling shareholder and actual controller of the listed company Dahua Intelligent.
Heavy-duty connector adopts modular design, including pneumatic module, high current module, Profibus Dp Bus Module and USB interface module. When using module equipment, it can be barrier-free and fast connection. Therefore, compared with ordinary connector, it is more practical and convenient to maintain.
Hdd Series Connector,24 Pin Connector,108 Pin Heavy Duty Connector,72 Pin Connector
Kunshan SVL Electric Co.,Ltd , https://www.svlelectric.com