On March 31, a merger and acquisition case that had been highly regarded by the LED industry was finally finalized. Led by GOScaleCapital (a fund composed of Jinshajiang Venture Capital and Oak Investment Partners), Asia-Pacific Resources Development and Investment Co., Ltd. (hereinafter referred to as Asia-Pacific Resources) and Nanchang Industrial Holding Group Co., Ltd. (hereinafter referred to as Nanchang Industry) and other Chinese-funded and foreign-funded consortiums The M&A fund under the support of the company announced the successful acquisition of the shares of Lumileds 80.1 owned by Royal Philips of Philips (hereinafter referred to as Philips), and Philips will retain the remaining 19.9 shares. The transaction, valued at approximately $3.3 billion, is expected to be completed in the third quarter of 2015 after obtaining regulatory approvals and other trading conditions. As Zheng Jianming has a large share of Asia-Pacific resources and a close partner with Jinshajiang Venture Capital, there is news that Zheng Jianming is still behind the Philips lighting merger. Wu Shenjun, Chairman of GOScaleCapital and Co-founder and Managing Director of Jinshajiang Venture Capital, will serve as Interim President of Lumileds after the completion of the acquisition. It is understood that the GOScaleCapital team investment projects include leading electric vehicle battery manufacturer Boston Power (BostonPower), China's leading Eco-EV manufacturer Xin Dayang Electromechanical Group, professional LED energy-saving lighting manufacturer Jingneng Optoelectronics and Jinghe Lighting, etc. With the rich technical advantages of LED components and automotive technology industry, Lumileds' high-efficiency LED production technology and advantages will bring considerable development to the company. In fact, the above investment projects coincided with the capital of the photovoltaic industry, Zheng Jianming's investment projects. Relevant persons said: From Suntech, Sunways inverters to Shunfeng Power Station to SAG operation and maintenance, to today's Jingneng Optoelectronics and overseas lighting, Zheng Jianming has built a full-industry chain business model in the new energy field through mergers and acquisitions.
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