On April 4, 2018, Mulinsen announced that on April 2nd, Mingxun Optoelectronics had completed the formalities of change of industrial and commercial registration procedures for the transfer of assets in this transaction and obtained a new business license issued by the Market Supervision Bureau of Yiwu City. (Uniform social credit code: 91730772MA28E3WG7C). As of the date of this announcement, the 100% equity interest of Mingxin Optoelectronics in this transaction has been transferred to Mulinsen, which has become a wholly-owned subsidiary of Mulinsen.
The core assets of Mingxin Optoelectronics are to indirectly hold a 100% stake in the LEDVANCE of the target company. The specific relationship can be seen in the announcement of Mulinsen’s major investment by the company’s investment in the company and Mulinsen’s intention to purchase 40% of Mingxin’s 100% equity into Osram’s Universal. Lighting business, that is, Mulinsen shares indirectly holds 100% equity of LEDVANCE.
LEDVANCE was set up by OSRAM to spin off the general lighting business. OSRAM is the world's leading provider of lighting, lighting and lighting solutions. In order to adapt its strategic positioning from the integration of lighting manufacturers to professional lighting service providers, the company decided to spin off its general lighting business. After completion of the divestment, LEDVANCE will undertake OSRAM's general lighting business, mainly covering traditional light sources and LED light sources, and will focus on expanding OTC lamps and smart home electronics business in the future.