Valmont, Lutron raise prices | Trading suspended for acquisition; Mingjiahui aims to cross into semiconductors | Sanan, Huati, etc. receive government subsidies
Source: 中国之光网|| Views: 1100
Valmont and Lutron announce price increases
Foreign media reported that Valmont and Lutron have both announced price increases. During the COVID period, many manufacturers reduced supply, so as the economy began to recover, supply shortages became an excellent opportunity for price hikes. Valmont has issued a price increase notice, with increases of up to 8% effective January 4, 2021. Lutron will implement adjustments to the following products effective January 15, 2021: Average increase of 2.4%: Caseta; wallbox dimmer; sensor Average increase of 5%: Ballast No increase: Cut-off products; residential lighting control products Driven by demand in the Chinese market, iron ore prices have risen 25% since early November, hitting a seven-year high. Copper prices have also reached a seven-year high. (Source: China Light Network)
Trading suspension for acquisition, Mingjiahui aims to cross into semiconductors
Mingjiahui announced on the evening of December 15 that the company is planning to issue shares to purchase assets. Trading of the company's securities will be suspended starting from the market opening on December 16 (Wednesday). The transaction proposes to acquire a 52% equity stake in Aite Micro (Zhangjiagang) Semiconductor Technology Co., Ltd. (hereinafter referred to as "Aite Micro") by issuing shares, and simultaneously plans to issue shares to no more than 35 qualified specific investors to raise matching funds. Based on Mingjiahui's core business, if the transaction is completed, Mingjiahui will cross over into the semiconductor industry. The announcement shows that Mingjiahui has signed an "Equity Acquisition Letter of Intent" with Aitewei and its shareholder Zhangjiagang Yuejin Industry Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Yuejin Industry Investment"). The company plans to issue shares privately to Yuejin Industry Investment to acquire its 52% equity stake in Aitewei. Mingjiahui stated that the price of the target equity in this transaction will be determined based on the appraisal results set forth in the "Asset Appraisal Report" issued by an appraisal agency qualified for securities business. The company indicated that it expects to disclose the transaction plan within no more than 10 trading days. To avoid significant impact on the stock price, the company suspended trading from the market opening on December 16, and will resume trading and disclose relevant matters no later than December 30. The specific details of the acquisition target, Aitewei, were not disclosed in the announcement. Tianyancha shows that Aitewei was established on April 16, 2018, located in Zhangjiagang Economic and Technological Development Zone, with a registered capital of 980 million yuan, of which 608 million yuan has been paid in. Its business scope includes research, development, design, production, and sales of power semiconductor devices, as well as providing technology transfer, technical consulting, and technical services; import and export of integrated circuit-related technologies, etc., mainly producing automotive electronic chips and power modules. The legal representative of the company is Xi Guoping, who is also the general manager and legal representative of Jiangsu Zhangjiagang Economic Development Zone Industrial General Company. From the perspective of equity structure, Aite Micro's shareholders include Yuejin Industrial Investment, South Korea's iA Group, and South Korea's TRinno Company. Among them, Yuejin Industrial Investment is the Zhangjiagang Power Semiconductor Special Industry Fund, established by the Zhangjiagang Economic Development Zone, Datang Telecom Investment Company, and related social investors; South Korea's iA Group specializes in automotive electronic chips and is the only manufacturer of automotive-grade semiconductor chips in South Korea; South Korea's TRinno Company's main business is power semiconductors. In addition, Suzhou Tongguan Microelectronics Co., Ltd. (hereinafter referred to as "Tongguan Microelectronics"), a semiconductor power device manufacturing enterprise wholly owned and controlled by Aite Micro, is a professional chip manufacturing company that undertakes foundry services for external clients. The company operates an imported 6-inch production line with 0.5um line width technology, achieving a monthly Production capacity of 30,000 wafers. If the transaction is successfully completed, Mingjiahui will acquire a 52% equity stake in Aite Micro and bring Tongguan Microelectronics under its umbrella. 总之，做智慧城市和文旅照明的名家汇，若此次交易完成，名家汇将跨界半导体。 On October 30, Mingjiahui also announced that, in accordance with the company's strategic development needs and to further expand the market in northern China and strengthen control over subsidiaries, its wholly-owned subsidiary, Mingjiang Zhihui Construction Development Co., Ltd., plans to use its own funds to acquire the 40% equity interest in Feile Innovation held by Liaoning Innovation Energy Technology Co., Ltd. In the third-quarter report, Mingjiahui stated that due to changes in industry policies and the impact of the COVID-19 pandemic, as well as increased investment in smart street light poles and cultural tourism night tour businesses, the company's net profit for the current year is expected to decline significantly compared to the previous year, with even a possibility of losses.
Sanan Optoelectronics, Huati Technology, and NationStar Optoelectronics receive government subsidies
At the end of the year, government subsidies arrive.
Sanan Optoelectronics announced that its wholly-owned subsidiary, Quanzhou Sanan Semiconductor Technology Co., Ltd. (hereinafter referred to as "Sanan Semiconductor"), received the "Notice on Disbursing Equipment Purchase Subsidies to Quanzhou Sanan Semiconductor Technology Co., Ltd." [Quan Xin Nan Guan (2020) No. 129] from the Management Committee of the Nan'an Branch Park of the Quanzhou Semiconductor High-Tech Industrial Park. According to the "Investment Cooperation Agreement" signed by the Quanzhou Municipal People's Government, the Nan'an Municipal People's Government, and Sanan Optoelectronics Co., Ltd., it was decided to disburse an equipment purchase subsidy of RMB 184 million to Sanan Semiconductor. Sanan Semiconductor received this amount on December 10, 2020.
Huati Technology announced that from January 1, 2020, to the date of this announcement, Sichuan Huati Lighting Technology Co., Ltd. and its subsidiaries Huati Zhicheng System Integration Co., Ltd., Chengdu Huati Huicheng Technology Co., Ltd., Sichuan Huati Energy Saving Technology Co., Ltd., and the holding company Sichuan Huaxin Smart Technology Co., Ltd. have cumulatively received government subsidy funds related to income totaling approximately RMB 11.1059 million. The announcement shows that the subsidies include the 2019 Chengdu Headquarters Enterprise Development Fund, job stabilization subsidies, patent资助金 from the Chengdu Intellectual Property Service Center, rewards for the recognition of the 2020 Industrial Design Center, interest subsidies for enterprise loans in Shuangliu District, fiscal rewards and subsidies for the R&D reserve fund system, the 2020 Sichuan Provincial Special Fund for Industrial Development, and subsidies supporting enterprises in creating scientific and technological innovation platforms.
NationStar Optoelectronics announced that it recently received government subsidies totaling RMB 15.0509 million. Specifically: According to the "Public Notice on the Proposed Arrangement Plan for Post-Implementation Rewards and Subsidies for Technical Transformation of Industrial Enterprises in 2020" issued by the Foshan Municipal Bureau of Industry and Information Technology, the company's application for the "Technical Transformation Project for Capacity Expansion of Small-Pitch and Outdoor LED Display Devices" was approved for post-implementation rewards and subsidies at the provincial, municipal, and district levels for 2020 industrial enterprise technical transformation projects, with total subsidies amounting to approximately RMB 12.9959 million; according to the "Notice on Issuing the Arrangement Plan (Second Batch) of Special Funds for Supporting the Development of Industrial Internet in Foshan City in 2020" issued by the Foshan Municipal Bureau of Industry and Information Technology, the "Benchmark Demonstration of Industrial Internet Applications for LED Production Process Control" project, led by the company, was approved for special funds of RMB 2.74 million. In accordance with the "Cooperation Agreement for Joint Application of Benchmark Demonstration Projects of Industrial Internet in Foshan City in 2020," the company is entitled to 75% of the funding quota, meaning the subsidy received by the company amounts to RMB 2.055 million.
