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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  MLS Co., Ltd    002745   CNE100001X19

MLS CO., LTD

(002745)
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End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 10/20
13.7 CNY   +1.86%
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Germany stalls Osram unit sale to Chinese buyers - WirtschaftsWoche

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10/27/2016 | 01:09pm EDT
A woman walks in the headquarters of lamp manufacturer Osram in Munich

FRANKFURT (Reuters) - The German government has turned down a Chinese request for approval of a takeover of Osram's (>> Osram Licht AG) light bulbs unit Ledvance pending a review of the deal, German magazine WirtschaftsWoche reported on Thursday, citing financial sources.

FRANKFURT (Reuters) - The German government has turned down a Chinese request for approval of a takeover of Osram's (>> Osram Licht AG) light bulbs unit Ledvance pending a review of the deal, German magazine WirtschaftsWoche reported on Thursday, citing financial sources.

Shares in Osram extended losses to 4 percent following the report and closed down 2.3 percent, one of the day's biggest decliners in the German midcap index <.MDAXI>, which closed unchanged.

Osram is switching focus from light bulbs to lighting technology, selling Ledvance and investing 1 billion euros ($1.1 billion) in a new factory in Malaysia to make chips for LED lights.

The group agreed earlier this year to sell Ledvance to a group of Chinese buyers, including lighting company MLS (>> MLS Co Ltd), for more than 400 million euros ($437 million).

WirtschaftsWoche said Berlin would review the planned acquisition, meaning it could be months until there is clarity over whether the deal will go through.

Responding to the report, the German economy ministry said it was examining the deal as was standard procedure, declining to elaborate.

Osram declined to comment on the report, which came days after Berlin put on hold the sale of semiconductor manufacturing equipment maker Aixtron (>> AIXTRON SE) to China's Fujian Grand Chip Investment Fund, citing security concerns.

Osram has said it expected to complete the transaction in the course of its 2017 fiscal year.

China's foreign ministry did not immediately respond to a request for comment, submitted late in the evening Beijing time.

Concern is growing in Berlin about losing technology to China after a string of Chinese acquisitions of German companies including industrial robots maker Kuka (>> KUKA AG).

Scrutiny of deals with Chinese buyers also casts a shadow over prospects for talks between Osram and Chinese chipmaker Sanan Optoelectronics (>> SANAN OPTOELECTRONICS CO.,LTD) about a possible takeover or cooperation.

Sanan said earlier this month it had been in preliminary contact with Osram.

($1 = 0.9160 euros)

(Reporting by Tina Bellon; Additional reporting by Gernot Heller and Jens Hack; Editing by Maria Sheahan and Alexandra Hudson)


Stocks mentioned in the article
ChangeLast1st jan.
AIXTRON SE 0.53% 11.485 Delayed Quote.34.67%
AMS AG 0.36% 22.2 Delayed Quote.-43.67%
E.ON SE -0.85% 9.582 Delayed Quote.0.61%
KUKA -1.32% 37.3 Delayed Quote.2.19%
MLS CO., LTD 1.86% 13.7 End-of-day quote.0.66%
OSRAM LICHT AG 0.04% 51.24 Delayed Quote.16.06%
SAN'AN OPTOELECTRONICS CO., LTD. -1.37% 23.84 End-of-day quote.29.85%
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Financials
Sales 2020 17 196 M 2 576 M 2 576 M
Net income 2020 990 M 148 M 148 M
Net cash 2020 1 769 M 265 M 265 M
P/E ratio 2020 17,7x
Yield 2020 1,09%
Capitalization 20 333 M 3 046 M 3 046 M
EV / Sales 2020 1,08x
EV / Sales 2021 0,84x
Nbr of Employees 21 687
Free-Float 35,0%
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Technical analysis trends MLS CO., LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 22,10 CNY
Last Close Price 13,70 CNY
Spread / Highest target 126%
Spread / Average Target 61,3%
Spread / Lowest Target -3,65%
EPS Revisions
Managers
NameTitle
Qing Huan Sun Chairman & General Manager
Yu Shan Lin Chairman-Supervisory Board
Ya Nan Yi CFO, Director, Head-Accounting & Deputy GM
Tian Ming Liu Member-Supervisory Board
Ming Bo Zheng Director & Deputy General Manager
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