Guangdong Rising Assets Management Co.,Ltd.(GRAM) successfully achieved the acquisition of the shares of Foshan LIGHTING
In case you weren't paying attention, something big happened over the past few months: Guangdong Rising Assets Management Co.,Ltd.(GRAM) successfully achieved the acquisition of the shares of Foshan LIGHTING held by Osram with 2.622 billion CNY, becoming the largest shareholder accordingly. This acquisition is undoubtedly another significant initiative of GRAM in LED field after what it has done similarly to NATIONSTAR in 2014.
Why NATIONSTAR? Why FSL? This might be the first question in mind when talking about this acquisition. “I think the reason why we chose NATIONSTAR is its outstanding team, fine asserts, and strong R&D ability. After 46 years’ development, NATIONSTAR has closely tied its brand to this field and made its own place in this market. In addition, deeply rooted in its fine heritage, NATIONSTAR is a fruit of SOE transition, which is believed to be highly compatible to a SOE parent enterprise again. These characteristics are exactly what GRAM needs. And as for FSL, it plays an important part in the construction of the whole industrial chain. As we all know, NATIONSTAR owns the leadership in manufacturing of LED chip and LED packaging while FSL is quite competitive in lighting application. This complementation is beneficial for the perfection of a whole industrial chain.” Said He yong, president of GRAM and NATIONSTAR.
The alliance between GRAM and NATIONSTAR, FSL means something profound but not just two simple acquisitions. It shows, to some extent, the value from SOE enterprises and government. It inevitably re-arranges a new layout, a new eco-system for LED industry, and furthermore influences the industry itself in the near future.
Attracting so much attention from the public, GRAM’s ambition is obviously not stopping here. “We have very strong financial support from government, also successful experience in managing capital and international public companies, five in mainland and four overseas. We believe we are ready for the challenge already due to our brilliant industrial foundation of either technology or brand awareness.” Said He yong.