Shen Technology (000021) announced on the evening of July 19 that its joint venture company has developed a plan to acquire the entire share capital of an American LED company with a total consideration of US$130 million. The company will jointly acquire crystal and strategic investors. It will resume trading on the morning of July 20th.
The announcement shows that the development of Jingwei Technology's 47.88% joint venture company is a platform for the development of China's electronic LED industry. According to the strategic layout of the Group's LED and the development of the future development of the crystal, based on the technological patent advantages of LED chips and packaging that the target company intends to acquire globally, the development of Jinghe Strategic Investors intends to jointly acquire the target enterprise for US$130 million. % equity.
In the announcement, Shen Technology did not disclose the specific name of the target company. It only indicated that the company intending to acquire the overseas standard is a company engaged in the R&D and manufacturing of LED chips, packaging and optical module products in the United States. It currently has more than 750 technology patents for LED chips and packaging worldwide and is cross-licensed with Cree patents. Its products can be sold without patent risk on a global scale. Its high-power, high-brightness LED packaging technology is in line with Cree (USA), Philips (Europe), and Citizen (Japan). It has established a global sales relationship with more than 200 customers worldwide. The equity acquisition funds are mainly self-raised funds for the development of Jing, and some are from strategic investors.
Shen Technology said that if the equity is successful, the development of crystal is equivalent to controlling the patent and interactive authorization of all the companies that intend to acquire the target, and can carry out vertical product integration from chip to module and development of silicon chip on GaN. A number of core technologies such as epitaxial wafers, packaging, white light, and optical design have enabled the company to enter the global high-end LED industry supply chain such as Europe, America, Japan and South Korea, and build a broad space for future development. At the same time, the development of the crystal LED industry layout will be more perfect.
As an important member of China Electronics, Shenzhen Science and Technology has already carried out a number of capital operations in the early stage. From this information, if the news is specifically announced, it will be a very important M&A case in the domestic LED field.
The announcement shows that the development of Jingwei Technology's 47.88% joint venture company is a platform for the development of China's electronic LED industry. According to the strategic layout of the Group's LED and the development of the future development of the crystal, based on the technological patent advantages of LED chips and packaging that the target company intends to acquire globally, the development of Jinghe Strategic Investors intends to jointly acquire the target enterprise for US$130 million. % equity.
In the announcement, Shen Technology did not disclose the specific name of the target company. It only indicated that the company intending to acquire the overseas standard is a company engaged in the R&D and manufacturing of LED chips, packaging and optical module products in the United States. It currently has more than 750 technology patents for LED chips and packaging worldwide and is cross-licensed with Cree patents. Its products can be sold without patent risk on a global scale. Its high-power, high-brightness LED packaging technology is in line with Cree (USA), Philips (Europe), and Citizen (Japan). It has established a global sales relationship with more than 200 customers worldwide. The equity acquisition funds are mainly self-raised funds for the development of Jing, and some are from strategic investors.
Shen Technology said that if the equity is successful, the development of crystal is equivalent to controlling the patent and interactive authorization of all the companies that intend to acquire the target, and can carry out vertical product integration from chip to module and development of silicon chip on GaN. A number of core technologies such as epitaxial wafers, packaging, white light, and optical design have enabled the company to enter the global high-end LED industry supply chain such as Europe, America, Japan and South Korea, and build a broad space for future development. At the same time, the development of the crystal LED industry layout will be more perfect.
As an important member of China Electronics, Shenzhen Science and Technology has already carried out a number of capital operations in the early stage. From this information, if the news is specifically announced, it will be a very important M&A case in the domestic LED field.
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