Furi Electronics' decision to acquire the suspense LED operating capacity is questioned

Furi Electronics, which has been relying on selling assets to maintain profitability, has recently encountered trouble. Since some investors have clearly stated their veto, it is possible that the plan for the acquisition of LED industry companies will be approved in the shareholders’ meeting after 10 days. There is still suspense. In the eyes of investors, the company's ability to operate in the LED industry is not satisfactory.

According to the recent announcement, Furi Electronics will hold a general meeting of shareholders on September 2 to review and approve the proposal to acquire and acquire a 92.8% stake in Shenzhen Mairui Optoelectronics Co., Ltd. (hereinafter referred to as “Mairui Optoelectronics”).

According to public information, Furi Electronics plans to raise more than 278 million yuan of funds, of which 195 million yuan is used to acquire Mairui Optoelectronics in the LED industry, and another 0.83 billion yuan is used to repay loans. According to the acquisition plan, the transaction price of 195 million yuan is 3 times higher than that of Mai Rui Optoelectronics's book value of 53.87 million yuan.

Obviously, the above acquisition plan of Furi Electronics does not meet the investors' intentions, so many investors are in conflict with the acquisition plan.

An investor clearly stated whether there would be a resolution in the stock market. He said that “a high-price acquisition of an industrial company that may be declining, not to mention the other, refers to the market outlook, it is pessimistic, and the purpose of Furi’s acquisition is doubtful”. It is worth noting that many investors even called for a joint vote to vote against the upcoming shareholders meeting.

In fact, Furi Electronics' profitability in the LED business is not ideal. In 2012, in order to promote the layout of the LED industry, its subsidiary Fujian Furi Lighting Co., Ltd. and Fujian Furi Optoelectronics Co., Ltd. completed the asset and business restructuring. However, in the past year, the two subsidiaries did not bring profits, but instead lost money. According to the semi-annual report, Furi Lighting's operating income in the first six months of 2013 was RMB 5,275,300, and the net profit was RMB 1,104,210. The operating income of Furi Optoelectronics in the first six months of 2013 was RMB 7,107,500, and the net profit was The loss was 5,329,900 yuan.

In response, the reporter called the Furi Electronic Securities Department, and the staff responded that “the market has been in a relatively low state for the past two years, but it is optimistic about its future. On the one hand, the country is guiding, on the other hand, it is based on the company. Long-term strategic layout, so it will choose to buy Mai Rui Optoelectronics." As for the investors' doubts about the company's ability to operate, he said, "I don't answer this question, it can only be judged by the investors themselves."

(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.)

Fully Automatic Washing Machine can make your clothes more clean in a very convenient way. With PCB control, different procedures can choose more ways to wash different clothes. Nowadays fully automatic washing machines are widely used in home, hotels and laundry shops.

Our well-equipped facilities and excellent quality control throughout all stages of production enable us to guarantee total customer satisfaction. Besides, we have received CE, CB, RoHS and CCC certifications.

As a result of our high quality products and outstanding customer service, we have gained a global sales network reaching America, Asia, Europe, Africa, the Middle East and other countries and regions.

If you are interested in any of our products or would like to discuss a custom order, please feel free to contact us. We are looking forward to forming successful business relationships with new clients around the world in the near future.

3~5kg Fully Automatic Washing Machine

5Kg Fully Automatic Washing Machine,Mini Fully Automatic Washing Machine,Fully Automatic Baby Washing Machine,Small Fully Automatic Washing Machine

Ningbo Banshen Electric Appliance Co., Ltd , https://www.banshendq.com

Posted on