Recently, as the two executives of Foshan Lighting confirmed the investigation by the Guangzhou Securities Regulatory Bureau of the China Securities Regulatory Commission, the performance of Foshan Lighting in the market has become more concerned. Especially on the day of the announcement of the investigation, that is, on August 13, the share price of Foshan Lighting once fell.
However, Foshan Lighting, which is known as “energy-saving lamp king†and “cash dividend-paying cowâ€, has always been the darling of investors, and Foshan Lighting has increased its weight in the market in the march of new energy lithium battery. Nowadays, the scandal involving executives involved in insider trading has inevitably caused the market to debate it.
Watching major shareholder technology to find new technologies
On August 3, 2010, Foshan Lighting announced that the company reached an initial cooperation agreement with the US Prius on July 31, 2010 to cooperate in the production and sales of high lumen LED bulbs and lamps. Among them, Prius provides patent-protected high-lumen LED light source module, heat dissipation and driver technical support, combined with the company's LED bulbs, lighting products manufacturing technology, research and development of LED application products. Under certain sales conditions, the above series of product solutions provided by Prius are available to Foshan Lighting in China.
It is reported that the company has been planning to enter the LED industry for more than a year. Since the beginning of 2009, the company has been actively seeking cooperation with LED epitaxial and chip manufacturers at home and abroad. It has successively contacted some LED epitaxial and chip manufacturers in China, the United States and Japan, and finally reached a willingness to cooperate with the US Purui Company.
As a controlling shareholder, OSRAM, as one of the world's most innovative lighting companies, has a number of world-leading patents and has become one of the world's two major light source manufacturers. Why Foshan Lighting is also looking for LED technology Support? Or will it be looking for a new major shareholder?
"This is not to say that the US Prius wants to control because Osram does not give technology, and the company has no way," the source said. According to his analysis, some analysts believe that Foshan Lighting’s approach is “to break the OSRAM’s sealâ€. And Osram’s failure to give technology is also likely to be “want to finally gain control of Foshan Lightingâ€. And all these battles are inflicted, or "Let Zhichang's Zhuang Jianyi give the fisherman a profit and become the chairman."
However, as the first batch of A and B-share listed companies approved in Guangdong in 1993, the growth of Foshan Lighting is obvious to all. “The company is relatively stable, and institutional investors are more willing to invest in such companies. Because the company’s main business is relatively stable, it is fully capable of building a new energy industry chain, and the company is also actively developing its main business. Advancing the new LED technology, the company's development should be good," the source said.
It is reported that after the announcement of the investigation, the second trading day, August 16, Foshan Lighting closed at 13.20 yuan, up 1.53%.
The internal operation is still the original chairman has the final say?
According to public information, the current company's executives officially took office after the company held a shareholders meeting this year, that is, on May 27, 2010. As the new chairman of Zhuang Jianyi, he is the chairman of Hong Kong Youchang Lighting Equipment Co., Ltd., and Youchang Lighting Equipment Co., Ltd. is the second largest shareholder of Foshan Lighting.
"In fact, the internal operation, or the former chairman of the board of directors Zhong Xincai has the final say." A source close to the company said that according to him, Zhong Xincai said that he might retire at this year's board meeting, and the company is in the general meeting. There is also a researcher at Huaxia Securities who proposed to "let the old chairman Zhong Xincai continue to do it." However, after the board meeting, Zhong Xincai did not retire, or served as the company's general manager.
“The company has to deal with a foreign investment, and the major shareholder is controlled by Osram, Germany.†The source continued, “and the LED technology of Foshan Lighting is ready to introduce Osram’s technology, but Osram is the major shareholder of Foshan Lighting. But it has never given Foshan lighting this technology."
Moreover, according to the source, there are currently a few well-known companies in the world that master LED technology, including OSRAM. "At the time, Chairman Zhong Xincai also said, 'If we can't, we think of other methods.'"
For the LED technology competition seems to be a subtle relationship between the major shareholders and the company.
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