In order to better focus on the domestic LED business, on December 11, Guangdong Dehao Runda Electric Co., Ltd. (hereinafter referred to as “Dehao Runda”) announced that it plans to price the international Lighting business with a price of RMB 190 million.

The announcement pointed out that Dehao Runda has collected the international lighting business assets into its wholly-owned subsidiary Dehao (Hong Kong) Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Hong Kong Dehao Optoelectronics"), and intends to hold Hong Kong Dehao Optoelectronics 100 The % equity was sold to Ruiyu China High-Tech Industrial Investment Fund (Limited Partnership) (tentative name) (hereinafter referred to as “Ruiyu Fund”).

It is understood that Dehao Runda LED lighting international business mainly includes the company's LED International Business Unit, the lighting factory under Guangdong Dehao NVC Lighting Co., Ltd., the lighting factory under the Wuhu Dehao Runda Optoelectronics Technology Co., Ltd. and ETI. Solid State Lighting Inc.

In fact, Dehao Runda's international LED business is not bad. According to the data, Hong Kong Dehao Optoelectronics has a revenue of 480 million yuan in 2015 and a net profit of 25.8 million yuan. From January to September 2016, the revenue was 400 million yuan. The profit was 45.73 million yuan, a substantial increase from last year.

In this regard, Dehao Runda pointed out that the divestiture of the international lighting business by selling the equity of the subsidiary is a reasonable adjustment of the lighting business according to the actual operating conditions, which is conducive to the company to concentrate its superior resources and better focus and Make bigger and stronger domestic lighting business.

It is expected that the company will bring 195 million yuan (pre-tax) income to the company through the sale of the shares, but the confirmation of the proceeds from the sale of such shares must be based on the results of the annual audit of the accountants, and there is still uncertainty.

According to the data, the LED business is one of the main business of Dehao Runda. Dehao Runda is also an enterprise with a full LED industry chain including epitaxy and chips, packaging and modules, LED application products (lighting and display).


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