Earlier this morning, Mulinsen issued a notice saying that the company received the notice of the China Securities Regulatory Commission on January 4, 2018, the first time in 2018 held on January 4, 2018 by the China Securities Regulatory Commission listed company mergers and acquisitions review committee. The work meeting was reviewed, and the company's issuance of shares and payment of cash to purchase assets and related party transactions were conditionally approved.
The matter is for Mulinsen to purchase a 100% equity interest in Mingxin Optoelectronics held by Harmony Mingxin and Zhuo Rui Investment through the issue of shares and payment of cash.
Among them, 31.35% of the consideration of Mingxin Optoelectronics was paid in cash, and 68.65% of the consideration of Mingxin Optoelectronics was paid by way of issuing shares.
This article is excerpted from the announcement "Mullinsen Co., Ltd. Issues Shares and Pays Cash to Purchase Assets and Raises Matching Funds and Related Party Transaction Reports (Draft) (Revised)"第15页
Upon completion of the transaction, Mulinsen will hold a 100% stake in Mingxin Optoelectronics, and Mingxin Optoelectronics will become a wholly-owned subsidiary of Mulinsen.
Announcement "About Mu Linsen Co., Ltd. Issues Shares and Pays Cash to Purchase Assets and Raises Matching Funds Related to Related Party Transactions (Announcement No.: 2017-050)" Page 4
It is reported that the meeting is the first M&A review meeting this year. For the purchase plan of Mulinsen Co., Ltd., the M&A Committee's review opinion is: Applicants should be required to supplement the disclosure of the adequacy of the underlying assets on the reorganization of the remuneration and the impact on the future performance of the listed company, please check with independent financial consultants and accountants. And express a clear opinion.
Mulinsen Lighting said that Mulinsen is the world's top ten LED device manufacturer, and its overseas market is the only way to realize its vision of becoming a global lighting industry leader. This cooperation will become an important step for Mu Linsen to enter the international market and realize the globalization. With the advantages of LEDVANCE, it will help to enter the markets of Europe, America and other Asian countries more quickly, and greatly accelerate the layout of its overseas markets, making its business more diversified. And globalization.
Guoxin Securities issued a comment, announcing the acquisition of LEDVANCE and obtaining the conditions of the CSRC, marking that Mulinsen has become the global LED integrated aircraft carrier officially set sail.
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