The recent strong rise of the LED sector, Sanan Optoelectronics (600703) in which performance is very eye-catching, the company announced on June 5, spending $ 22 million to the United States a LED company. However, the reporter noted that Sanan Optoelectronics acquired a company with a net asset of -556.91 million US dollars.
The acquisition target is insolvent
Recently, Sanan Optoelectronics has continued its expansion. First, it has thrown a plan of RMB 3.3 billion, indicating that funds will be used to implement the Wuhu Optoelectronics Industrialization (Phase II) project and supplement liquidity. The fundraising voice just fell, the company and Yan Wei shares in the Anhui Province, Anxi County, Hutou Industrial Park, the establishment of a LED application product development, production and sales company.
Recently, Sanan Optoelectronics expanded again. The company announced on June 5 that Lightara Corporation, a wholly-owned subsidiary of the company, acquired a 100% stake in Luminus Devices, Inc. (hereinafter referred to as US Lumen) for US$22 million.
According to public information, the main business of the United States is to develop and produce lighting equipment that requires high brightness. Its main products include white LEDs, color LEDs, and four-color LEDs. It is worth mentioning that the company's customers include LG, Acer, Zumtobel, EYELighting, Philips, Martin (Dalmark) and Vialux (Germany).
The reporter noted that the United States lumens as of December 31, 2012, the total assets of 119.99 million US dollars, liabilities totaled 17.747 million US dollars, 2012 annual revenue of 171.8897 million US dollars, net profit of 3,196,900 US dollars. It is not difficult to find that the company's net assets are -556.91 million US dollars. Has been insolvent.
Researcher: Expected to enhance the right to speak
The acquisition of a company with a negative net worth is inevitably incomprehensible. However, a brokerage researcher told reporters that Sanan Optoelectronics’ acquisition of US lumps was mainly directed at the other’s patents. The reporter noted that the data shows that there are currently 93 patents in the United States, and 58 patents are pending, totaling 151, of which 94 are US patents that have been and are being applied for.
These patents cover all aspects of LED product design, manufacturing solutions, packaging, systems and applications. At present, U.S. Lumen and Nichia Chemical, Seoul Semiconductor, and Taiwan’s Jingyuan Optoelectronics have cooperation in technology patents. The core technologies owned and licensed by US lumens include technology patents exclusively used by the Massachusetts Institute of Technology (MIT) and the University of California, Berkeley (UCB) to authorize Lumens.
A brokerage researcher pointed out to the reporter that the company obtained the patent of the other party after the acquisition. Although the number of patents is less than that of the thousands of patents of international companies, it is at least a blank to avoid a blank. It is also possible to have some say in the negotiations with other companies.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
The acquisition target is insolvent
Recently, Sanan Optoelectronics has continued its expansion. First, it has thrown a plan of RMB 3.3 billion, indicating that funds will be used to implement the Wuhu Optoelectronics Industrialization (Phase II) project and supplement liquidity. The fundraising voice just fell, the company and Yan Wei shares in the Anhui Province, Anxi County, Hutou Industrial Park, the establishment of a LED application product development, production and sales company.
Recently, Sanan Optoelectronics expanded again. The company announced on June 5 that Lightara Corporation, a wholly-owned subsidiary of the company, acquired a 100% stake in Luminus Devices, Inc. (hereinafter referred to as US Lumen) for US$22 million.
According to public information, the main business of the United States is to develop and produce lighting equipment that requires high brightness. Its main products include white LEDs, color LEDs, and four-color LEDs. It is worth mentioning that the company's customers include LG, Acer, Zumtobel, EYELighting, Philips, Martin (Dalmark) and Vialux (Germany).
The reporter noted that the United States lumens as of December 31, 2012, the total assets of 119.99 million US dollars, liabilities totaled 17.747 million US dollars, 2012 annual revenue of 171.8897 million US dollars, net profit of 3,196,900 US dollars. It is not difficult to find that the company's net assets are -556.91 million US dollars. Has been insolvent.
Researcher: Expected to enhance the right to speak
The acquisition of a company with a negative net worth is inevitably incomprehensible. However, a brokerage researcher told reporters that Sanan Optoelectronics’ acquisition of US lumps was mainly directed at the other’s patents. The reporter noted that the data shows that there are currently 93 patents in the United States, and 58 patents are pending, totaling 151, of which 94 are US patents that have been and are being applied for.
These patents cover all aspects of LED product design, manufacturing solutions, packaging, systems and applications. At present, U.S. Lumen and Nichia Chemical, Seoul Semiconductor, and Taiwan’s Jingyuan Optoelectronics have cooperation in technology patents. The core technologies owned and licensed by US lumens include technology patents exclusively used by the Massachusetts Institute of Technology (MIT) and the University of California, Berkeley (UCB) to authorize Lumens.
A brokerage researcher pointed out to the reporter that the company obtained the patent of the other party after the acquisition. Although the number of patents is less than that of the thousands of patents of international companies, it is at least a blank to avoid a blank. It is also possible to have some say in the negotiations with other companies.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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