According to the data of the 2015 annual report, only 6 companies with 24 LED listed companies have a net interest rate of more than 10%, and only 13 companies have both 'battalion' and 'profit'. Therefore, many domestic enterprises have begun to implement cross-border mergers and acquisitions. 'Double main business', ready to flee." Dr. Zhang Xiaofei, Chairman of Gaogong LED said.
Indeed, the data of the High-tech Research Institute LED Research Institute (GGII) shows that in 2015, the amount of M&A between LED industry was 42 billion yuan, and 53 cases reached a historical peak. Among them, large-scale mergers and acquisitions of more than 500 million yuan accounted for 24.5%; In the first half of 2016, the amount of mergers and acquisitions reached 10.9 billion yuan, which is expected to exceed 100 billion yuan for the whole year.
The market is still developing and M&A is still going on.
On July 14, Alto Electronics (002587) issued a major restructuring plan. The company intends to purchase 100% equity of Shenzhen Qianbaihui Lighting Engineering Co., Ltd., which is held by six parties including Shen Yongjian and other parties through the issuance of shares and payment of cash. A total of 30,000 yuan was paid for the transaction.
At the same time, Alto Electronics intends to raise matching funds to no more than 10 specific investors for non-public offering of shares, raising matching funds of no more than 143,013,300 yuan, and the issue price is not less than 13.13 yuan / share.
As we all know, Alto Electronics provides comprehensive solutions for all-round LED display systems from demand analysis, solution design, system development, equipment manufacturing to professional services, mainly for the individualized and differentiated needs of industry customers. It is a sports and advertising media industry. An internationally renowned company.
Coincidentally, Qianbaihui is a well-known integrated solution provider for the lighting engineering industry in China. It is mainly engaged in the construction and design of landscape lighting projects, the overall planning and design of landscape lighting projects, and the development, production and sales of lighting products. The operating characteristics of the lighting engineering construction industry.
It is understood that as of March 31, 2016, the net amount of accounts receivable of Qianbaihui was 57.095 million yuan, accounting for 47.87% of the total assets.
In the past few years, the LED display industry has been very competitive. Through the survival of the fittest, the entire industry is continuously integrated and the market concentration is gradually increasing. While maintaining overall growth, industry mergers and acquisitions accelerated.
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