Foshan Lighting returns to state capital but can still climb to the top again?

Going around, Foshan Lighting finally returned to the arms of state-owned assets. However, at present, the LED industry is facing the subtlety of overcapacity and the continuous decline in product prices. It is not easy to restore the "cash cows" of the year.

This is a popular era of kicking the pavilion, but the ending is often very different.

The sickle licks the hand and the knife does not leave the throat. On the big screen, the blood brave of the footman and the sorcerer of Hunchun’s master, more from the understanding and imagination of Xu Yufeng’s martial arts in the Republic of China. In fact, in the real hometown of Foshan, the real hometown of the small martial art, the real contest does not need to plan for this long time, and it is even more resistant to all the elements of drama. Inform your identity and issue a check. Get it, drink tea first!

With an amount of RMB 2.22 billion, the Guangsheng Asset Management Company took over 23.144% of the shares from the original major shareholder and entered the actual controller of Foshan Lighting. It was crisp, clean and never tossed. From December 4th, it announced that the wholly-owned subsidiary Guangdong Electronic Information Industry Group completed the relevant transactions. After 5 days, 9 directors and 2 supervisors including Foshan Lighting’s former chairman resigned at the same time—in fact, the new boss had nominated 6 The directors and the candidates of the three independent directors, the electric phoenix, everything is done according to the process. Yes, it is really bad to be a "rule" to win the game and win the game.

If the near-half of the high-level management layer changes, the Foshan Lighting “Easy Event” will not even attract much attention. At most, those who are careful have noticed that it is also a vast city. It is also a light source and LED manufacturing listed company in Foshan. Guoxing Optoelectronics has performed this scene in the same way as the former in September of 2014. The only difference is that the 10 billion transactions only moved four company veterans.

Hey, this is a "strong". Appetite mouth is good, and sure enough.

The more persistent, the more you will win

However, the kick-offs are always different. In the winter of 2015, A-share investors undoubtedly paid more attention to Qianhai Life Insurance and its concerted action. Shengsheng Company continued to make progress on Shenzhen Vanke Real Estate. Now, even the Anbang Insurance, which is also known as the company, has come to the fore. Yao Zhenhua Kun Zhong once again surpassed China Resources as the largest shareholder with a 20.008% stake, and Ampang’s 5% stake in the exchange of 8 billion yuan, allegedly also authorized a large probability to be used in the Qianhai Life Insurance camp to express the will of the core shareholders, while the central enterprise China Resources It seems that it is more concerned about how to use the 2.46 billion US dollars to lead the acquisition of Fairchild Semiconductor, the originator of Silicon Valley in the United States, but instead of the attitude of Vanke, which has always emphasized "management is the head of the management." After all, Ning Gaoning left a long time.

The three daily limit is rare; the stock price is close to 20 yuan per share; the Yao side has a floating profit of 13 billion yuan; the founder Wang Shi [microblogging] rare appearances and remarks in the company's values, the new shareholders sent a letter to the management The comfort is quite a bit aftertaste. A series of bridges match a listed company with an annual revenue of nearly 250 billion yuan. This kind of kick-off is called "a success."

As for Foshan Lighting, last year's annual revenue was only 3.068 billion yuan, ranking seventh in the industry. In the first three quarters of this year, net profit fell 75.58%. Since they are not of the same weight, they are not valued and ordinary.

Perhaps, only the natives of Foshan, or those who are familiar with the allusions of the year, can only give a sigh in the bottom of my heart: this should not be the case. 1993, Zhong Xincai, Zhuang Jianyi, Cash Cow, MBO, Osram, Insider Trading... When these words are combined with a once-famous "Chinese Lamp King" to complete a puzzle, many comments will change. In a sense, Foshan Lighting and Vanke were questioning a certain period of history at the end of 2015, and in the future, the mottled.

There is only one clarification, and it still comes from the slogan of Hunchun’s battle against the war: the more persistent, the more it will be taken. Whether it is the highly anticipated Vanke, or the silent Foshan lighting.

In fact, the story of Foshan Lighting is much more volatile than the Vanke, which was almost successful in achieving the “manager partnership” because of the silence of the original major shareholder for nearly two decades. And all of this stems from an eternal proposition: who is the key person in charge of that interest.

Yes, Foshan Lighting’s name is precisely because of the company’s high-profile delivery behavior for many years. When it was listed in 1993, it raised 1.339 billion yuan of funds. It has only paid 2.33 billion yuan as of 2010. It is so generous. Apart from institutional investors, retail investors who are accustomed to A-share listed companies only pay attention to the behavior of iron cocks, naturally, should not be praised. Quartet. As a positive example, although the company is far from being a “king” from scale to revenue, it has earned a reputation in the Chinese capital market.

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