AllBright Client Foshan Lighting Completes Acquisition Deal
2014-06-2311619AllBright client Foshan Electrical Lighting Co., Ltd. (000541.SZ) recently completed its acquisition of Suzhou Mont Lighting Co., Ltd. and has changed the related business registration documents accordingly.
Foshan Lighting was among the first batch of Guangdong companies to be listed in both A-share and B-share markets in 1993. Since its IPO, the company has been focusing on lighting product R&D, manufacturing and sales businesses. It is the bellwether of China’s electric light source products industry and known as the “Light King of China”.
Suzhou Mont is well-known for lighting product R&D and has been licensing its patents to Foshan Lighting. After the acquisition, Suzhou Mont will become a wholly owned subsidiary of Foshan Lighting. It will complement the parent company with its R&D capability and technology reserves in LED lighting as well as to guarantee Foshan Lighting will continue using its patents in mainstream lighting products.
AllBright partners Daniel Xu and Alex Huang began representing Foshan Lighting in March, 2014, and advised the client throughout the acquisition procedure as well as the related investment expansion project. Their services included due diligence investigations, designing of investment expansion plan and drafting the related transaction documents.
