Successive acquisition of Crystal Energy and Lumileds Downwind Clean Energy in the next step of what chess

[Text|High-tech LED reporter Wen Zhao] Recently, Shunfeng Clean Energy (01165.HK) announced that it has entered into a memorandum of understanding with Jingneng Optoelectronics to acquire 51% of the issued share capital of Jingneng Optoelectronics. This investment is considered to be an important step towards the world's leading clean energy solutions provider.

According to the announcement, Jingneng Optoelectronics has a subversive six-inch and eight-inch silicon substrate LED technology, and has obtained more than 200 patents worldwide, vertically integrating the LED industry chain, and successfully commercialized mass production for general illumination. Smart phones and automotive lighting provide low-cost, high-performance LED lighting products; and its silicon substrate GAN technology is significantly less expensive than sapphire substrate technology LEDs, which can make a huge profit contribution to downwind clean energy. The company will rely on the core technology advantages of Jingneng Optoelectronics Group to integrate the industrial chain in a timely manner on a global scale and strive for greater benefits.

In this regard, Zhang Jian, chairman of Shunfeng Clean Energy, said: “The breakthrough technology of Jingneng Optoelectronics represents a new generation of lighting products with high efficiency, low cost and low cost. It is the only way for new lighting technology products to replace traditional lighting. In the future, the company will be the global lighting. The market's replacement of traditional lighting provides a large number of high-quality and cost-effective products, and it also opens up unlimited prospects for listed companies to enter the huge lighting market."

Wu Shenjun, Managing Director of Jinshajiang Venture Capital and Executive Chairman of Jingneng Optoelectronics, also pointed out that high-efficiency, energy-saving and cost-effective LED lighting products are the leading and development direction of the future lighting market. He believes that "the Jinsha River Fund has many years of investment experience and channels in the new economy. Cooperating with Shunfeng to integrate technology, market and production capacity in the emerging lighting market will bring great market impact and benefits to both of us. We will maintain long-term Cooperation."

Judging from the attitudes of the current partners, it seems that you are willing and willing to bother each other's potential advantages in the original field through the public platform. However, from the perspective of the layout of the crystal energy LED industry chain in recent years, it has not reached the previous investment expectations, especially the marketization of silicon substrates still has large variables. For downwind clean energy, the concept of LED green lighting with the help of Crystal Energy is more conducive to expanding the extension of the total solution provider of clean energy.

Jinsha River "seven years of itching"

Last year, Jingneng Optoelectronics said it plans to go public in the US, but why did it suddenly sell the controlling stake to the clean energy?

Open the official website of Jingneng Optoelectronics. In the investor column, you can see that the company is a well-known institutional investment company such as Jinshajiang Venture Capital, Temasek Group, Mayfield Fund, Yongwei Investment Company, Kaixuan Venture Capital, Haiyide. With the establishment of capital contribution, the biggest investment convenience behind the scenes is Jinshajiang Venture Capital.

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