During the "Twelfth Five-Year Plan" period, China's smart city construction market exceeded 700 billion yuan. During the "13th Five-Year Plan" period, China's smart city construction market will reach 4 trillion yuan. At the same time, the energy conservation and environmental protection industry is also helping to promote a new round of urban lighting energy-saving renovation.
In the past two years, local governments have accelerated the construction of urban landscape lighting, and urban outdoor night lighting has gradually expanded from the previous real estate building to urban landscape lighting. The urban landscape lighting market has huge space. The total investment of the city's landscape lighting projects during the G20 Hangzhou Summit is about 1 billion yuan. There are 338 prefecture-level cities and above in China, and the market space can reach 100 billion.
After thorough research, GGII said that it will benefit from the promotion of policy promotion in various countries and regions around the world, and the scale of the landscape lighting market will continue to increase. In 2017, the global landscape lighting market will reach 275 billion yuan, of which the Chinese market will reach 68 billion yuan. With a year-on-year growth of nearly 22%, China has become the world's largest landscape lighting market.
In this context, the landscape lighting industry, which is driven by large events, night travel economy and urbanization construction, with a market scale of nearly one trillion, has set off a layout boom in the industry.
Recently, LED packaging manufacturer Wanrun Technology took the initiative to acquire and acquire the equity of the two companies in cash, and laid out the landscape lighting field.
On March 14, 2018, Shenzhen Wanrun Technology Co., Ltd. (hereinafter referred to as “the companyâ€) held the 8th meeting of the 4th Board of Directors, deliberating and passing the “About 51.0248% equity of Guangdong Zhongzhu Tianyou Aesthetics Lighting Co., Ltd. and signed the relevant The motion of the agreement.
On the same day, Wanrun Technology and Chen Rubing, Guo Qiongsheng and Hu Hua (hereinafter referred to as “the counterpartyâ€) signed the “Shenzhen Wanrun Technology Co., Ltd. and Chen Rubing, Guo Qiongsheng, Hu Hua on the payment of cash to purchase assets agreementâ€, Chen Rubing, Guo Qiongsheng, Hu China separately transferred 18.9428% equity, 29.07% equity and 3.012% equity of Guangdong Zhongzhu Tianyou Aesthetics Lighting Co., Ltd. (hereinafter referred to as “Zhongzhu Tianyouâ€) to the company. The company acquired the total amount of the counterparty in cash. Zhongzhu Tianyou 51.0248% equity, the transaction consideration is 209 million yuan.
It is understood that Guangdong Zhongzhu Tianyou Aesthetics Lighting Co., Ltd.'s main business scope includes lighting technology research and development; urban lighting planning, design, consulting and management; green lighting products and control systems research and development, sales and so on.
Zhongzhu Tianyou is a professional lighting engineering company with “Class 1 for Urban and Road Lighting Engineering†and “Special Grade B for Engineering Design Lighting†(its wholly-owned subsidiary Guangdong Zhongzhao Ruiguang Lighting Design Co., Ltd. is Grade A) , "Electronic and intelligent engineering professional contracting level", "construction mechanical and electrical installation engineering professional contracting level two" and other professional qualifications.
Wanrun Technology said that through this acquisition, the company's market competitiveness in LED lighting, especially in municipal engineering and landscape lighting, can be further enhanced, which will help improve the company's position in the lighting market segment and promote the formation of LED business. The downstream synergy enhances the overall strength of the company's LED business segment.
On March 14, Wanrun Technology also held the 8th meeting of the 4th Board of Directors, deliberating and passing the “Proposal on the Proposed Acquisition of 51% Equity of Nanjing Langhui Optoelectronics Technology Co., Ltd. and Signing Framework Agreementâ€.
On the same day, Wanrun Technology and Jiangsu Zhongjingrong Enterprise Management Co., Ltd. (hereinafter referred to as “Zhongjingrongâ€) signed the “Framework Agreement on the Payment of Cash Purchase Assets by Shenzhen Wanrun Technology Co., Ltd. and Jiangsu Zhongjingrong Enterprise Management Co., Ltd.†The company intends to purchase a 51% stake in Nanjing Langhui Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Standard Company†and “Langhui Optoelectronicsâ€) held by Zhongjingrong in cash.
It is understood that Langhui Optoelectronics' main business scope includes R&D, design, sales and maintenance of LED products, lighting equipment, photovoltaic products and smart city intelligent control systems; lighting intelligent control system technology development, technical consultation, technical services, technology transfer, etc. .
Langhui Optoelectronics also has a Class I certificate for urban and road lighting and a Grade A certificate for lighting engineering design. Wanrun Technology said that through this acquisition, the company's market competitiveness in LED lighting, especially in urban and road lighting, can be further enhanced, which will help improve the company's position in the lighting market segment and promote the formation of LED business upstream and downstream. Synergies enhance the overall strength of the company's LED business segment.
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