Dehao Runda entered the NVC "Three Kingdoms Kill" and evolved into "Four Mahjong"

The market has not yet waited for Wu Changjiang to re-elect a paper announcement by the chairman of NVC Lighting (2222.HK), but waited for the arrival of NVC Lighting's new major shareholder Dehao Runda. NVC Lighting's hand has evolved from "Three Kingdoms Kill" to "Four Mahjong."

NVC Lighting announced before the market opened yesterday that NVC, a wholly-owned subsidiary of the company's founder and major shareholder Wu Changjiang, will sell 373 million shares to Dehao Runda (002005), accounting for 11.81% of the company's total share capital. The DHL Runda Shareholders' Meeting and the government department approved it.

The announcement also said that after the completion of the transfer, Dehao Runda will hold 633 million shares, accounting for 20.05% of the company's total share capital, which will become the single largest shareholder of NVC Lighting, and Wu Changjiang's interest will be reduced to 6.79%. Wu Changjiang and NVC also promised to grant DeHao Runda the priority of the remaining 6.79% of the NVC Lighting shares.

Newest shareholder
According to the announcement issued by Dehao Runda, the company passed the wholly-owned subsidiary Dehao Runda International (Hong Kong) Co., Ltd. (hereinafter referred to as Hong Kong Dehao Runda) in Hong Kong from December 11 to December 21 In-market and over-the-counter transactions purchased a total of 260 million shares of NVC Lighting's common stock, accounting for 8.24% of the total number of issued ordinary shares, with a transaction amount of HK$703 million.

At the same time, the company signed a share transfer agreement with NVC Inc., one of the major shareholders of NVC Lighting, on December 26, and intends to transfer to NVC Inc. its share of NVC Lighting's common stock of 373 million shares. The total number of issued ordinary shares of ZTE Lighting is 11.81%, the transaction price is HK$2.55/share, and the transaction amount is HK$951 million.

If the above share transfer agreement is fulfilled, Hong Kong DeHao Runda will hold a total of 633 million shares of NVC Lighting, accounting for 20.05% of the total number of issued ordinary shares, and will become the largest shareholder of NVC Lighting. The total amount of the equity acquisition was HK$1,654 million.

For the entry of Dehao Runda, Wu Changjiang responded that “Derhao Runda is the upstream of the lighting industry, LED chips are doing very well, and it is very helpful for NVC lighting in the future.”

According to public information, Dehao Runda is a leading enterprise in the LED industry in China, with a complete industrial chain from LED epitaxial wafers, chip-package-applications (lamps, displays), and powerful LED lighting products. R&D and manufacturing capabilities.

Dehao Runda said that it will actively seek deep cooperation with NVC Lighting in the promotion of LED lighting products, in order to use its perfect sales channels and strong dealer network to sell the company's LED lighting products.

According to the announcement, through the acquisition of equity in NVC Lighting, DHL has reached its single largest shareholder and will enter its board of directors. At present, Dehao Runda has held a 20.05% stake in NVC Lighting, and does not rule out the possibility of further increasing its shareholding in NVC Lighting.

Wu Changjiang’s “high selling and low buying”

"Now I am also a shareholder of Dehao Runda." Wu Changjiang said the important content of the Dehao Runda multi-paper announcement.

According to the announcement of Dehao Runda, the company intends to issue non-public offerings of no more than 230 million shares at a price of 5.86 yuan per share. The issue targets are Wuhu Dehao Investment Co., Ltd. and Wu Changjiang, the controlling shareholder of the company. Among them, Wuhu Dehao Investment Co., Ltd., the controlling shareholder, subscribed for 100 million shares, and Wu Changjiang subscribed 130 million shares.

Some analysts pointed out that in this double transaction with Dehao Runda, Wu Changjiang successfully achieved "high selling and low buying." The person said that according to the share transfer agreement, Wu Changjiang will sell 373 million shares of NVC Lighting common stock at a price of HK$2.55 per share. The transaction price is higher than NVC's pre-Christmas suspension price of 2.36 Hong Kong dollars. %, this is "high selling".

On the other hand, Wu Changjiang used the funds of NVC Lighting to participate in the subscription of 130 million shares of Dehao Runda's private placement, and the private placement price was only 5.86 yuan per share. The latest share price of Dehao Runda before the suspension was 7.77 yuan, 32.6% higher than the additional price; in other words, Wu Changjiang participated in the growth of DHL Runda this time, its book earnings per share has reached 1.91 yuan, a total of 248.3 million Yuan, this is "low buy".

In addition, according to the agreement, after the completion of the share transfer, Wu Changjiang directly and indirectly holds 215 million common shares of NVC Lighting, accounting for 6.79% of its total share capital. Wu Changjiang and NVC Inc. undertake to irrevocably grant priority transfer rights to these shares of DeHao Runda, which will be transferred to Dehao Runda at a price of HK$2.95 per share at any time deemed appropriate by DeHao Runda. Unless DHL Runda waives the priority transfer rights of these shares, it may not be transferred to a third party.

(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

Electromagnetic Relay is an electronic control device that has a control system (also called an input loop) and a controlled system (also called an output loop). It is usually used in an automatic control circuit, which actually uses a smaller current and is lower. The voltage is an "automatic switch" that controls large currents and higher voltages. Therefore, it plays the role of automatic adjustment, safety protection and conversion circuit in the circuit.

MK-3P Electromagnetic Relay 

Electromagnetic Relays

Electromagnetic Relay,MY Series Electromagnetic Relay,Mini Electromagnetic Relay,LY General Electromagnetic Relay

Ningbo Bond Industrial Electric Co., Ltd. , https://www.bondelectro.com