In early March 2017, Mulinsen announced that Mingxin Optoelectronics, a subsidiary of the company's investment in Harmony, has completed the equity transfer with OSRAM GmbH, the original shareholder of LEDVANCE GmbH, and OSRAM SYLVANIA INC., the original shareholder of LEDVANCE LLC. At this point, Mingxin Optoelectronics held L in early March 2017, Mulinsen announced that the company's investment in the partnership of the company's harmonious Mingxin subsidiary Mingxin Optoelectronics has completed the original shareholder of LEDVANCE GmbH OSRAM GmbH, LEDVANCE LLC original shareholder OSRAM SYLVANIA INC . Equity delivery. At this point, Mingxin Optoelectronics held a 100% stake in LEDVANCE and successfully completed the overseas equity acquisition transaction. It is understood that the purchaser of this transaction is a Chinese consortium composed of Mulinsen, IDG Capital and Yiwu State-owned Assets Operation Center. Guangji Capital and Zheyin Capital also participated in the acquisition. To put it simply, the Osram headquarters in Munich, Germany, has completed the sale of its general lighting business Round Vanss to the Mulinsen joint bidder at a price of around 500 million euros. The industry believes that the acquisition of the world's first-class brand, sales channels and advanced technology in China is expected to promote structural and systematic changes in industrial technology. Industrial mergers and acquisitions are expected to promote China's industrial upgrading It is understood that Germany Osram has a long history of more than 110 years and is the world's leading provider of lighting products and solutions. The acquisition of the main body of the company, Ledvance, is an independent operating brand of Osram's general lighting business. As the largest business segment of Osram, Landwells has a strong performance, contributing nearly 40% of the Group's revenue of 5.6 billion Euros in 2015, reaching 2 billion Euros. The lighting business that Osram had previously split was named LEDVANCE, and the Chinese name was Land Vans. After the division, after the bidding and negotiation of several international investment teams, the Chinese investment team composed of IDG Capital, Yiwu State-owned Assets Operation Center and Mulinsen successfully acquired the lighting business of this century-old enterprise in Germany. For Chinese LED manufacturers, Mulinsen's LED lighting products and LED production can benefit from the superior lighting channels and customer base that Osram has previously set. For OSRAM, LEDVANCE's trading contracts also have guaranteed purchases of high-quality LED chips that are regularly produced for OSRAM Opto Semiconductors. Both sides can say that each needs are taken, and it is also a concept of strong alliance. Just as a member of the investment banking department of CICC said: After the completion of the delivery, Mulinsen will expand its overseas lighting business by virtue of the channel business and brand image of multinational giant Osram, and further extend the industrial chain to the downstream, while the terminal marketing market is especially It is the European and American markets that will be perfected. Compared with the overseas industrial change path, the output value of China's lighting industry accounts for 70% of the global output value. However, due to the scale and business limitations, it has been difficult to have global brands. On the other hand, the acquisition of the listed company as a platform, Landewans and LED packaging industry leader Mu Linsen and other related companies such as Huacan Optoelectronics under the optical capital have significant synergies and complementarities in business, technology and market. Sex, after the completion of the acquisition, it will greatly expand the downstream resources of the industry, fully realize the deep integration of the LED industry chain, and promote the optimization and upgrading of China's lighting industry. Injecting a strong-hearted agent into cross-border mergers and acquisitions of Chinese enterprises The industry believes that the successful delivery of Landwells not only demonstrates the strong operational strength of China's capital institutions and the ability to integrate cross-border resources, but also provides an international extension of Chinese companies' M&A roads. A new model for M&A funds. Although the current domestic and international regulatory review has affected the cross-border mergers and acquisitions of Chinese enterprises to a certain extent, with the promulgation of the subsequent "Overseas Investment Regulations", supervision is expected to be more clear. Another market analyst said that the wave of overseas mergers and acquisitions of Chinese companies will continue in the future, but the comprehensive domestic policy environment and the country's urgent expectations for industrial upgrading, the future cooperation between buyers and sellers and strategic investors and private equity institutions may become It's more common because it allows the transaction to go through to the end with greater probability. Therefore, in a certain sense, the completion of the transaction also injected a shot in the arm for recent listings and even Chinese-funded overseas mergers and acquisitions. It is worth noting that the acquisition of the Chinese consortium consisting of Mulinsen, IDG Capital and Yiwu State-owned Assets Operation Center has completed the acquisition of this century-old German enterprise lighting business. Among them, IDG Capital led the organization of more investors in this acquisition. Yu Xinhua, IDG Capital Partner, said: We are very happy to lead the acquisition. We are committed to bringing advanced foreign technology and efficient management models to China with our rich investment experience and global resource network for more than 20 years, helping Chinese companies to enhance their core competitiveness on the world stage, thus driving domestic related industries. non-stop upgradin. IDG Capital's overseas M&A activity data show that in 2016, Chinese companies announced about 1024 overseas mergers and acquisitions. As of the end of 2016, except for 18 transactions that have been terminated, a total of 1006 valid transactions have been completed or are in progress, involving a transaction amount of 248.4 billion. The US dollar has an average transaction size of $247 million. Compared with the total of $105.2 billion in cross-border M&A in 2015, the total increase exceeded 136%. In this context, IDG Capital has also been active since this year. IDG Capital also led Hua Canguang to acquire the world's leading MEMS-new semiconductor. Huacan Optoelectronics, a leading LED chip manufacturer in China, announced on July 21 that it will issue shares to purchase assets, that is, the underlying assets are Harmony Core (Yiwu) Optoelectronics Technology Co., Ltd. (hereinafter referred to as SPV), from SPV The shareholders of the target company of this transaction purchase 100% of the equity of the target company. The target company of this transaction is Meixin Semiconductor Co., Ltd., which is a leading technology company in the global micro-electromechanical (MEMS) sensor industry. For the cooperation with Huacan Optoelectronics, Zhaoyang, chairman of Meixin Semiconductor, said that it cooperates with Huacan because both parties are in the semiconductor industry. In the future, there will be some acquisitions and mergers centered on Huacan. With the arrival of Huacan funds, we have begun to talk about the targets of some European and American markets. We are a technology-oriented company with the goal of acquiring the world's top technology-based companies. The domestic sensor technology is relatively small. Liu Wei, president of Huacan Optoelectronics, said that in the LED industry, after so many years of technology research and development and manufacturing, we have accumulated rich experience in low-cost manufacturing, which will play a significant role in the future development of the US and the new. In the future, Huacan is a synergistic development of LEDs and sensors. We hope to use the power of the capital market to help the US and the new to become bigger and stronger. The restructuring is now awaiting final review by the US government CFIUS. In addition to promoting Chinese companies to acquire overseas high-quality targets and strengthening and expanding Chinese listed companies, IDG Capital also recently acquired IDG Ventures (IDG Ventures) with China Consortium such as China Everbright Holdings, China Oceanwide, and Bank of China Group Investment Co., Ltd. This cross-border M&A case has also attracted widespread attention at home and abroad. The transaction was completed in February. Interpretation by investment institutions, IDG Capital has further improved its global distribution in the investment field, and will be more comfortable in the future for domestic companies to conduct overseas mergers and acquisitions.
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Specifications:
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