Mulinsen: It is planned that the acquisition of Mingxin Optoelectronics will not exceed 4 billion yuan.

Mulinsen (002745) disclosed the major asset restructuring plan on the evening of March 30, intending to issue shares and pay cash, not to exceed RMB 4 billion to purchase 100% equity of Mingxin Optoelectronics, and the supporting fundraising did not exceed 1.255 billion yuan.

Among them, it is proposed to purchase 100% equity of Mingxin Optoelectronics, which is held in total by the combination of issuing shares and paying cash, and paying 31.35% of the consideration of Mingxin Optoelectronics in cash, no more than 1.25 million yuan.

It is proposed to raise no more than RMB 1,255 million in non-public offering of shares to no more than 10 specific investors for the Yiwu LED lighting application product project and to pay for the restructuring related expenses. The fund raised by the matching fund shall not exceed 100% of the transaction price of the asset to be purchased.

The main asset of Mingxin Optoelectronics is 100% of the indirect holding of the target company LEDVANCE. The target company LEDVANCE was established by Osram to divest the general lighting business.

Osram is the world's leading provider of light source, luminaire and lighting solutions. In order to adapt to the strategic shift from integrated lighting manufacturers to professional lighting service providers, OSRAM decided to divest the general lighting business.

After the divestiture is completed, the target company LEDVANCE will undertake the OSRAM general lighting business, mainly covering traditional light sources and LED light sources, and will focus on expanding OTC lamps and smart home electronics business in the future.

LEDVANCE basic situation

This acquisition will help listed companies expand their overseas markets and extend the industry chain to downstream light source and lighting business. Mulinsen can not only increase the main business income by undertaking LEDVANCE packaging business, but also the sales network and marketing team of LEDVANCE covering the whole world. It will help Mulinsen's product promotion and brand influence, and the two parties will deeply integrate in customer resources, operation and technology research and development. The listed companies will give full play to the synergy of the combination of “Osram” high-end brand and “Mulinsen” manufacturing cost advantage.

After the completion of the acquisition, the rapid and stable development of the listed company's main business will be better protected, which will help the listed company's ability to continue to operate and enhance the company's shareholder value.


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