LED overseas market into a cornucopia Mlinsen / overclocking three layout

In recent years, driven by the deepening of the globalization process and the policies of countries promoting LED products, domestic LED companies have “goed out”.

In 2017, the total export volume of LED lighting products in China has also been rising, and it has become a major exporter of LED products in the world. For overseas LEDs, the overseas market is both an opportunity and a challenge. On the one hand, it has broad market prospects. On the other hand, it is constantly raising the trade threshold. It requires domestic LED companies to continuously enhance their brand awareness and product advantages.

On the evening of February 1, Overclocking III (hereinafter referred to as “the company”) announced that it would actively respond to the national “Belt and Road” development strategy based on its own business development needs and future development. The company invested overseas to set up an overseas company “Overclocking 3 (International Technology Co., Ltd. (hereinafter referred to as "overclocking three (international)"), the registered capital is 37,384.00 Belarusian rubles (according to the exchange rate at that time, the total amount of RMB is about 119,393.73 yuan).

In view of the fact that more than two shareholders are required to register a limited liability company in Belarus, overclocking three (international) is jointly established by the company and its wholly-owned subsidiary Huizhou Overclocking Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Huizhou Overclocking III”). Huizhou Overclocking III owns 99% of the shares, overclocking three owns 1% of the shares, with their own funds.

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Overclocking 3 said that Overclocking (International) Technology Co., Ltd. plans to establish a production base in the "Zhongbai Industrial Park" to engage in research and development, production and sales of LED lamp cooling kits or finished products. At the same time, it is proposed to establish an international standard quality inspection center to enhance The company's product technology level and technological innovation capabilities.

This foreign investment is conducive to the company's full efforts to follow the "Belt and Road", further clarify the strategic layout of the overseas market, and actively integrate internal resources, make full use of international and domestic resources, and the two markets steadily explore the company's development space. After the completion of this foreign investment, it will help the company to build an international brand and expand its international influence, and comprehensively enhance its comprehensive competitiveness.

On February 2, Mulinsen also announced that the company received the China Securities Regulatory Commission (hereinafter referred to as "China Securities Regulatory Commission") on February 1, 2018, "Approving Mulinsen Co., Ltd. to Yiwu Harmony Mingxin Equity Investment Partnership The approval of the enterprise (limited partnership) to issue shares to purchase assets and raise matching funds (Zheng Jian Li [2018] No. 211).

After consulting Mulinsen’s previous announcement, Mulinsen intends to issue a shareholding in Yiwu Harmony Mingxin Equity Investment Partnership (Limited Partnership) to purchase 100% equity of Harmony Mingxin (Yiwu) Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Mingxin Optoelectronics”). The amount is 4 billion yuan.

Established in July 2016, Mingxin Optoelectronics was established mainly for the acquisition of Landewans. Except for the indirect holding of 100% of the shares of Roundvalus, there is no other business. Landwells is a company established by the global lighting giant Osram to divest the general lighting business. The products are mainly traditional light source business (including thermoluminescent lamps, etc.), LED light source, OTC lamps and smart home electronics.

This time, Mu Linsen's acquisition of Landwell's assets was approved by the China Securities Regulatory Commission. It also symbolizes that Mulinsen has made significant progress in expanding the overseas lighting market.


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