In the past two or three years, with the rapid development of the LED industry, there have been more and more cases of mergers and acquisitions in the LED industry. From upstream LED chip factories to midstream LED packaging companies to downstream LED display/LED lighting companies, LED mergers and acquisitions cases are involved. In the past two or three years, with the rapid development of the LED industry, there have been more and more cases of mergers and acquisitions in the LED industry. From upstream LED chip factories to midstream LED packaging companies to downstream LED display/LED lighting companies, LED mergers and acquisitions cases are involved. For listed companies, as long as there are suitable objects and opportunities, M&A can help the company expand its business, increase its channel partners, and promote the rapid development of the company. However, not every M&A case is smooth, and not every M&A case can be completed smoothly. Today, Xiaoye is here to take stock of the twists and turns of several companies in the M&A case. All kinds of sadness are only known to you. Aixen's termination of the acquisition of Artixium eventually fell into the joint venture of Lianjian Optoelectronics. On May 9, 2016, Abbison issued a notice on the signing of the investment memorandum, saying that the company and ArtixiumDisplay Ltd. are planning to invest $4.5 million to acquire the original shareholder of Artixium. The 51% stake in the underlying company signed the Investment Memorandum. If the acquisition is finally completed, Artixium will become the holding subsidiary of the company. Artixium Chinese name is Antaisheng, a LED display manufacturer founded and owned by European shareholders and headquartered in Hong Kong, China. Founded in 2014, it mainly provides stadium screens, rental screens, etc. It has a company in Europe and Shenzhen also has a company. On July 18, 2016, Abbison announced that in order to maintain the interests of the company and all shareholders in consideration of the complexity of the transaction and the uncertainty of the promotion, the company decided to terminate the acquisition of 51% equity of Artixium Display Ltd. after careful research. And notify the counterparty of the decision. However, after Abbison decided to terminate the acquisition of Artixium, it was followed by relevant sources that Lianjian Optoelectronics acquired 51% of the shares through capital increase and included Artixium. It is reported that Lianjian Optoelectronics has cooperated with Artixium for a long time. The international layout and manufacturing base of Lianjian Optoelectronics cooperates with Artixium's business. The two sides are already acquainted. Lehman and China's new culture of love and hate on February 15, 2016, Lehman shares announced that the company plans to acquire 100% stake in Shenzhen Huashi New Culture Media Co., Ltd. for 780 million yuan, Lehman and Huashi New Culture will use the media resources of different channels to provide comprehensive advertising services to customers, extend the sports media resources customers to the subway TV resources, and promote the TV TV resources customers to the sports media resources to achieve market synergy. On July 21, 2016, Lehman issued an application to suspend the announcement of the acquisition of Huashi New Culture. Announcement: The company convened the board of directors to deliberate and approve the “Proposal on Applying to the China Securities Regulatory Commission for Suspension of Review of Mergers and Acquisitions and Reorganizationsâ€. Shenzhen Huashi New Culture Media Co., Ltd., the company that intends to issue shares to purchase this time, is the holding subsidiary of VisionChina Media Group Co., Ltd., which is a listed company of NASDAQ. As the relevant policies regarding the return of overseas listed companies to the A-share listing have not been clarified, the company decided to apply to the China Securities Regulatory Commission for suspension of the application for review of the merger and acquisition. On August 15, 2016, Lehman issued a notice stating that due to the fact that the relevant policies regarding the return of overseas listed companies to the A-share listing were not clear, the company decided to suspend the application for merger and reorganization on July 21 and obtain the license of the CSRC. The company intends to participate in the acquisition of Huashi New Culture, a subsidiary of VisionChina Media. Previously, Lehman shares intend to purchase Huashi New Culture through a combination of issuing shares and paying cash. About 50% of the consideration is paid by way of issuing shares, and about 50% of the consideration is paid in cash. The estimated value of Huashi New Culture is 782 million yuan. After the transaction is completed, Lehman will hold 100% of the equity of Huashi New Culture. Sanan Optoelectronics and GCS's points and components on April 1, 2016, Sanan Optoelectronics announced that according to the company's development strategy, the company's board of directors research, decided that the company's wholly-owned subsidiary Sanan Integration Company was established under the laws of the Cayman Islands A wholly-owned subsidiary with its own monetary funds of US$226 million as the sole payable consideration for the acquisition of 100% of the entire equity interest in GCS (based on fully diluted, fully exercised basis), including (but not limited to) all Common shares that have occurred and are outstanding (including shares under the company's restricted share award), the future shares to be issued for the conversion (or possible conversion) of all currently convertible convertible bonds are current Shares to be issued in the future that are reserved for company options. The two parties signed the "Merger Agreement and Plan." On July 30, 2016, Sanan Optoelectronics announced that Sanan Optoelectronics' acquisition of GCS had not been approved by the US Foreign Investment Committee. According to the agreement, Xiamen Sanan Integrated Circuit Co., Ltd. and GCS terminated the “Consolidation Agreement and Plan†signed by both parties, and neither party has any liability for breach of contract and bears the cost of default. On November 10, 2016, Sanan Optoelectronics announced that Xiamen Sanan Integrated Circuit Co., Ltd., a wholly-owned subsidiary of the company, and GCS have formed complementary advantages and combined their respective production capacity and advantages to expand operation scale, increase profit and strengthen enterprise competition. For the purpose of power, it was decided to establish a joint venture company and sign the "Joint Venture Contract". The name of the joint venture company is tentatively set for Xiamen Sanan Huanyu Integrated Circuit Co., Ltd., with a registered capital of 4 million US dollars. Among them, Sanan Integration Company invested US$2.04 million in its own monetary funds, accounting for 51% of the registered capital of the joint venture company; GCS is funded by currency. The capital contribution was 1.96 million US dollars, accounting for 49% of the registered capital of the joint venture company. The business scope mainly develops, manufactures and sells its own products for mobile phone RF, filters, optical communication chips, power managers, optical fibers and new technologies, as well as sales of other mobile phone RF, filters, optical communication chips, power managers, optical fibers. . It is undeniable that mergers and acquisitions can achieve resource integration, strong cooperation, complementary advantages, etc., to enhance the overall strength and occupy an absolute advantage in market competition. But not all acquisitions are successful or can achieve the desired goals, there will be many uncertainties in corporate mergers and acquisitions.
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