On the evening of June 28, the 30th meeting of the second board of directors of Mulinsen (002745.SZ) reviewed and approved the “Proposal on the Increase of Investment in the Development of Jingguang Lighting (Xiamen) Co., Ltd.â€.
According to the announcement, Mulinsen Co., Ltd. intends to increase the capital of its own capital of RMB300,000,000 to develop Jingguang (Xiamen) Co., Ltd., and the proportion of the company's shares acquired through capital increase will increase from 10.91% to 25.50%.
After the completion of the capital increase, the registered capital of the company was changed to US$184,944,165 and 6 shareholders. The shareholding ratio of the parties is as follows:
After the completion of this investment, Mulinsen extended the upstream of the LED industry chain through strategic investment, completed the layout of the entire industry chain, and played an important role in the future development of the company. At the same time, through the development of Crystal and the United States Bridgelux in the patent technology and market cooperation, the company's related products can effectively open up foreign patent barriers, paving the way for the company's products to go international.
Introduction to the development of crystal
Development Crystal was established in April 2011, with a 44% stake in China Electronics' core member company Shen Technology, Jingyuan Optoelectronics (accounting for 40%), Yiguanjing (9%) and CountryLighting (7%) Built.
The development of crystal positioning is "LED integrated solution provider", and its business scope covers all industrial chain links such as LED epitaxial wafer, chip, package module and lighting application.
On July 20, 2015, the development of the crystal holding subsidiary Puhuarui and FORTISADVISORSLLC (Bridgelux existing shareholders representative) signed the "merger agreement and plan", Puhuarui to acquire 100% stake in BridgeLux for 130 million US dollars.
Bridgelux currently has more than 750 patents on LED chips and packaging technology worldwide, and has a patented cross-licensing with Cree. Its high-power, high-brightness LED packaging technology is the same as Cree, Philips, Citizen.
After the successful acquisition, Chuangjing indirectly controlled Bridgelux's patents and technology through its holding of Bridgelux. According to the content of this capital increase and share expansion agreement, the company will obtain the patent and technology use of Bridgelux through negotiation.
Accelerating industrial transformation to further lock upstream chip supply
In the opinion of the industry, Mu Linsen accelerated the transformation and upgrading as early as 2014 when he signed an agreement with the local government of Jiangxi Province. In June and September 2014, Mu Linsen signed the Jinggangshan Economic Development Zone Management Committee and Xinyu High-tech Zone respectively. Project investment contract.
"As the technology becomes more transparent, the LED lighting packaging industry has gradually entered the era of fighting for capital and scaling up. It is imperative to improve the concentration of the industry." Lin Jili, executive general manager of Mulinsen, mentioned.
Yesterday, Mulinsen also issued a notice on “raising funds from wholly-owned subsidiaries by raising fundsâ€. With the approval of the China Securities Regulatory Commission, Mulin Lin actually raised net proceeds of 2,315,739,400.00 yuan for the “Shuanglan SMD LED packaging technology reform projectâ€. ", "Jianan SMDLED package first phase construction project" and "Xinyu LED application lighting phase I construction project".
Not only the capacity expansion of domestic production bases, but also the internationalization strategy. In addition to accelerating the layout of overseas markets, Mu Linsen is bidding for the bid for Osram. Once this matter is confirmed, Mu Linsen will be a new round of capacity expansion and market share.
Industry experts pointed out that in recent years, Mulinsen's actions in the field of LED chips have been frequently confirmed, on the other hand, the plan for capacity expansion has been confirmed, and the guarantee of upstream chip supply will greatly guarantee the control of future packaging and lighting costs.
In April of this year, Mulinsen and Huacan Optoelectronics signed the "Strategic Cooperation Agreement". Mulinsen will preferentially purchase Huacan Optoelectronics products under the same conditions. In the next three years, the value of LED chip products purchased from Huacan Optoelectronics will be no less than 1.5 billion yuan, product prices and quantities are regularly adjusted according to market demand on a quarterly basis.
"Overall, a series of capital increase matters will make Mulinsen's asset scale and production capacity further strengthen, consolidate its leading position in the LED packaging business, and at the same time improve the layout of the company's LED industry chain. After the implementation of the project, the company's industrial chain layout It will be more optimized, the competitiveness will be further strengthened, and the business structure will be more competitive." The announcement finally mentioned.
According to the announcement, Mulinsen Co., Ltd. intends to increase the capital of its own capital of RMB300,000,000 to develop Jingguang (Xiamen) Co., Ltd., and the proportion of the company's shares acquired through capital increase will increase from 10.91% to 25.50%.
After the completion of the capital increase, the registered capital of the company was changed to US$184,944,165 and 6 shareholders. The shareholding ratio of the parties is as follows:
| Serial number | Shareholder name | Capital contribution to the registered capital (US$) | Shareholding ratio |
| 1 2 3 4 5 6 | Shenzhen Great Wall Development Technology Co., Ltd. EpistarJVHolding(BVI)Co.,Ltd. Mulinsen Co., Ltd. Yiguanjing (Fujian) Photoelectric Co., Ltd. CountryLighting(BVI) Co.,Ltd. LarganBrightHoldingCo.,Ltd | 63,559,396 48,000,000 47,156,138 10,800,000 8,400,000 7,028,631 | 34.37% 25.95% 25.50% 5.84% 4.54% 3.80% |
| total | 184,944,165 | 100% |
After the completion of this investment, Mulinsen extended the upstream of the LED industry chain through strategic investment, completed the layout of the entire industry chain, and played an important role in the future development of the company. At the same time, through the development of Crystal and the United States Bridgelux in the patent technology and market cooperation, the company's related products can effectively open up foreign patent barriers, paving the way for the company's products to go international.
Introduction to the development of crystal
Development Crystal was established in April 2011, with a 44% stake in China Electronics' core member company Shen Technology, Jingyuan Optoelectronics (accounting for 40%), Yiguanjing (9%) and CountryLighting (7%) Built.
The development of crystal positioning is "LED integrated solution provider", and its business scope covers all industrial chain links such as LED epitaxial wafer, chip, package module and lighting application.
On July 20, 2015, the development of the crystal holding subsidiary Puhuarui and FORTISADVISORSLLC (Bridgelux existing shareholders representative) signed the "merger agreement and plan", Puhuarui to acquire 100% stake in BridgeLux for 130 million US dollars.
Bridgelux currently has more than 750 patents on LED chips and packaging technology worldwide, and has a patented cross-licensing with Cree. Its high-power, high-brightness LED packaging technology is the same as Cree, Philips, Citizen.
After the successful acquisition, Chuangjing indirectly controlled Bridgelux's patents and technology through its holding of Bridgelux. According to the content of this capital increase and share expansion agreement, the company will obtain the patent and technology use of Bridgelux through negotiation.
Accelerating industrial transformation to further lock upstream chip supply
In the opinion of the industry, Mu Linsen accelerated the transformation and upgrading as early as 2014 when he signed an agreement with the local government of Jiangxi Province. In June and September 2014, Mu Linsen signed the Jinggangshan Economic Development Zone Management Committee and Xinyu High-tech Zone respectively. Project investment contract.
"As the technology becomes more transparent, the LED lighting packaging industry has gradually entered the era of fighting for capital and scaling up. It is imperative to improve the concentration of the industry." Lin Jili, executive general manager of Mulinsen, mentioned.
Yesterday, Mulinsen also issued a notice on “raising funds from wholly-owned subsidiaries by raising fundsâ€. With the approval of the China Securities Regulatory Commission, Mulin Lin actually raised net proceeds of 2,315,739,400.00 yuan for the “Shuanglan SMD LED packaging technology reform projectâ€. ", "Jianan SMDLED package first phase construction project" and "Xinyu LED application lighting phase I construction project".
Not only the capacity expansion of domestic production bases, but also the internationalization strategy. In addition to accelerating the layout of overseas markets, Mu Linsen is bidding for the bid for Osram. Once this matter is confirmed, Mu Linsen will be a new round of capacity expansion and market share.
Industry experts pointed out that in recent years, Mulinsen's actions in the field of LED chips have been frequently confirmed, on the other hand, the plan for capacity expansion has been confirmed, and the guarantee of upstream chip supply will greatly guarantee the control of future packaging and lighting costs.
In April of this year, Mulinsen and Huacan Optoelectronics signed the "Strategic Cooperation Agreement". Mulinsen will preferentially purchase Huacan Optoelectronics products under the same conditions. In the next three years, the value of LED chip products purchased from Huacan Optoelectronics will be no less than 1.5 billion yuan, product prices and quantities are regularly adjusted according to market demand on a quarterly basis.
"Overall, a series of capital increase matters will make Mulinsen's asset scale and production capacity further strengthen, consolidate its leading position in the LED packaging business, and at the same time improve the layout of the company's LED industry chain. After the implementation of the project, the company's industrial chain layout It will be more optimized, the competitiveness will be further strengthened, and the business structure will be more competitive." The announcement finally mentioned.
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