Participate in Guoxuan Hi-Tech's allotment, and join hands with Foshan Petroleum Foshan Lighting to play "abacus"?
Recently, Foshan lighting of domestic lighting manufacturers has been more frequent. First, it signed a strategic cooperation agreement with Foshan Petroleum, and then invested 144 million yuan to participate in Guoxuan Hi-Tech's allotment. I have to say that the current development of Foshan lighting is fast.
On November 16, Foshan Lighting announced that the company intends to invest 144 million yuan to participate in Guoxuan Hi-Tech's allotment. The company now holds 3,349,680 shares of Guoxuan Hi-Tech, with a shareholding ratio of 3.99%. It is estimated that 10.49 million shares will be allocated this time. Guoxuan Hi-Tech announced that it plans to allocate shares to all shareholders at a rate of 3 shares for every 10 shares, raising funds of no more than 3.6 billion yuan.
Foshan Lighting said that the company's participation in Guoxuan Hi-Tech's allotment with its own funds is conducive to promoting the preservation and appreciation of the company's assets, preventing the company's holding of Guoxuan Hi-Tech shares from shrinking due to the rights issue, and safeguarding the interests of all shareholders. At the same time, the company's current liquidity is relatively abundant, and participation in the rights issue will not have a negative impact on the company's production and operation.
Gaogong LED found that Foshan Lighting had twice reduced its stake in Guoxuan Hi-Tech in the past year. From November 15th to December 7th, 2016, the company sold 29.27 million shares of Guoxuan Hi-Tech held by the company through the block transaction at an average price of 32.94 yuan/share, accounting for 3.34% of the total share capital of Guoxuan Hi-Tech. The total transaction amount was 964 million yuan. Subsequently, Foshan Lighting sold 8,770,400 shares of Guoxuan Hi-Tech stock through concentrated bidding from July 6, 2017 to August 1, 2017, accounting for 0.9994% of the total share capital of Guoxuan Hi-Tech. 304,428,520.24 yuan.
For the reasons of these two reductions, Foshan Lighting once said that it is based on the company's own development needs, optimize the asset structure, withdraw some funds, enlarge and strengthen the company's main business, and meet the company's development of capital needs.
On the afternoon of November 14, Foshan Petroleum signed a strategic cooperation agreement with Foshan Electric Lighting Co., Ltd. (hereinafter referred to as Foshan Lighting). Based on the principle of resource sharing, complementary advantages and win-win cooperation, the two sides have deepened the potential for cooperation in the fields of oil products, non-oil internal consumption, employee welfare protection and oil station photoelectric operation innovation, and comprehensively carried out self-owned brand business association and cooperation.
Foshan Lighting's various indicators rank first in the national electric light source industry. It is also the only national national industrial enterprise that can compete with the internationally renowned three major lighting companies in the whole industry. Its lighting system has an unparalleled competitive advantage. Foshan Petroleum and Foshan Lighting have cooperated in depth to complement the home lighting sector for non-oil diversification business and become more competitive in the market.
At the same time, the two parties agreed to provide high-quality services and high-quality prices for the other party under the lawful and equal conditions and give priority to the use of the other party's business, thereby improving the efficiency of both parties. Foshan Petroleum provides diversified business support for Foshan Lighting staff welfare; Foshan Lighting provides technical support for the diversification and intelligent upgrade of gas station convenience store lighting system, which is an indispensable technical support for store atmosphere layout and store safety.
The cooperation between Foshan Petroleum and Foshan Lighting will provide consumers with three-dimensional multi-level combined services in terms of products and publicity by leveraging the advantages of their respective fields to achieve mutual benefit and win-win results. Based on this, the two sides develop more diversified cooperation methods and continuously strengthen the market position of both parties, which is also a model for local enterprise cooperation.
Power X (Qingdao) Energy Technology Co., Ltd. , https://www.solarpowerxx.com