Recently, land capital has frequently acquired and consolidated the international technology giants, which has caused the US and European governments to be highly vigilant. Osram's general lighting business Ledvance announced in July that it was sold to the land-based team Yiwu Harmony Mingxin. The market once spread, the German government may once again block the sale, but participated in and holds 35.7% of the mainland LED package Long has recently acquired land acquisitions from international technology giants, which has caused the US and European governments to be highly vigilant. Osram's general lighting business Ledvance announced in July that it was sold to the land-based team Yiwu Harmony Mingxin. The market once spread, the German government may once again block the sale, but participated in and holds 35.7% of the mainland LED package The leading factory, Mulinsen, pointed out that the case has been formally submitted for review. The current review progress is as expected. According to the relevant established procedures in the past, the first half of 2017 will be expected to pass the review. As the land capital continues to grow, the mainland's LED manufacturer Sanan Optoelectronics has been interested in acquiring the German company Osram, and the Fujian Hongxin Investment Fund (FCG) acquired the German semiconductor equipment manufacturer Aixtron, etc. The government and public opinion are worried that the outflow of high-tech technology will endanger national security, leading to the end of overseas acquisitions. With the recent sale of Philips' Lumileds to the US Apollo Private Equity Fund, it is expected to complete the transaction in the first half of 2017, and the review progress of OSRAM Ledvance has also received renewed market attention. Osram announced at the end of July 2016 that its general lighting business Ledvance will be sold to a joint investment team composed of China's LED packaging giant Mulinsen and other Chinese companies, with a transaction amount of 400 million euros, but at a time when the outside world is highly concerned about overseas investment. The acquisition trend, foreign power once reported that the case was blocked by the government, resulting in delays in the acquisition. Mulinsen said that the acquisition team has submitted official information to the German government from September to October and is currently awaiting government review procedures. Although the specific time for the review has yet to be officially announced, the current review is conducted in accordance with normal procedures. As the official review progress is expected to take 3 to 6 months, it is expected that the results will be reviewed in the first half of 2017. According to relevant information, Yiwu Harmony Mingxin is composed of Mu Linsen (35.7%), Yiwu State-owned Capital (35.7%), and Harmony Investment (28.6%). Although the German government's assessment review may bring variables, the industry believes that Ledvance's main focus is on general lighting and access, which should not involve high-tech technology outflows and national security issues, and involve less sensitivity. Mulinsen pointed out that as a member of the joint acquisition body, Mulinsen, which is a manufacturer of LED components and finished products, is expected to have a larger terminal market estuary. In the future, both parties will hope to maintain a close cooperative relationship and enjoy preferential supply. opportunity. It is pointed out that in order to meet the huge lighting needs of Ledvance, Mulinsen will significantly expand the production capacity of LED lighting products in 2017. It is estimated that the output value of finished lighting products will be doubled in 2017, especially for applications such as glass tubes, filament lamps and panel lamps. The main force, initially estimated, will create a production value of 300 million US dollars. Mulinsen pointed out that if the acquisition is successfully approved in the future, Lujin will continue its manufacturing advantage of production cost, and the brand management will be based on the existing team. It is expected that there will not be too large changes, and the business direction will tend to grow steadily. It is not suitable for violent fluctuations in the short term.

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