On March 31, 2015, the Chinese and foreign syndicates led by GO Scale Capital of Jinshajiang and the Royal Philips of the Netherlands reached an agreement to “acquire 80.1% of the shares of Lumileds under Royal Philipsâ€. In order to complete the delivery, the teams of the two sides have actively cooperated with the supervision of the US Foreign Investment Committee (CFIUS) and other regulatory authorities in the past year. Recently, the two sides announced that they have decided to stop the transaction because they cannot resolve the concerns of the US Foreign Investment Committee regarding national security. In this acquisition, Jinshajiang GO Scale Capital stands out among many international competitors through fair and open competition with its strong Chinese market strength and industrial base, strong financial strength and deep understanding of the semiconductor industry. Both parties believe that the advanced technology of LumiLEDs, combined with the Chinese market and industrial base, Lumileds can be quickly upgraded to become a leading company in the industry, creating subversive glory in the world LED industry. In the past year, in order to pass the CFIUS review, the two sides have always cooperated in good faith and actively responded. However, after nearly a year of adjustments, renewal plans, and divestiture of assets, the transaction ultimately failed to lift CFIUS's concerns about national security. Both sides expressed regret. At present, China has a huge market and a good industrial base. If combined with advanced global technology, it will create opportunities for industrial upgrading. Cross-border mergers and acquisitions by Chinese companies will be the general trend. The suspension of the Lumileds project was not a termination of cooperation with Philips, and the syndicate led by GO Sands Capital is now actively participating in the acquisition of Philips Lighting Group. Mr. Wu Shenjun, Chairman of Jinshajiang GO Scale Capital, pointed out that “in the process of cooperation with Philips, the two sides have established a sincere and mutual trust relationship and will continue to deepen cooperation with Philips. Through this transaction, Jinshajiang GO Scale Capital has accumulated a wealth of Experience. The Jinsha River and the Chinese-funded syndicate will spare no effort to continue to look for investment projects with core technologies and broad market. GO Sands Capital is grateful to China Investment Corporation, Asia Pacific Resources Development Investment Co., Ltd. and Nanchang Industrial Holding Group Co., Ltd. The company and other Chinese and foreign consortiums strongly support, thank the Bank of China Syndicated for the financing support of this transaction, and thank all the people for their sincere assistance and trust in this nearly one year. We firmly believe that through technological innovation and industrial upgrading, we can be in China, A world-class high-tech company!"
The Push Button Switches, also known as the control button (referred to as the button), is a low-voltage electrical appliance that is manually and generally can be automatically reset. The Push Button Starter Switch is usually used to issue a start or stop command in the circuit to control the turning on and off of electrical coil currents such as electromagnetic starters, connectors, and relays.
The On Off Push Button Switches refers to a switch that pushes the transmission mechanism with a button to make the movable contact and the static contact open or close and realize circuit switching. It is a master control device with a simple structure and a wide range of applications. In the electrical automatic control circuit, used to manually send control signals to control connectors, relays, electromagnetic starters, etc.
This Pushbutton Switches is a kind of electric device that is used to switch on and off the small current circuit when the action is released. Generally used in AC and DC voltage below 440V, the current is less than 5A in the control circuit, generally do not directly manipulate the main circuit can also be used in the interconnection circuit. In actual use, in order to prevent desperation, different marks are usually made on the buttons or painted with different colors, and the colors are red, yellow, blue, white, black, green, and the like.
The Momentary Push Button Switch could be divided into metal push button switches and Led Light Switches and ordinary snap button type, mushroom head type, self-locking type, self-resetting type, rotary handle type, with indicator light type, lighted symbol type and key type, etc., with single button and double Buttons. Generally, it adopts a water-storage structure, which consists of a button cap, a return spring, a static contact, a moving contact and a casing. It is usually made into a composite type, and has a pair of normally closed contacts and normally open contacts, and some products can pass. The series connection of multiple elements increases the number of contact pairs. There is also a self-contained button that automatically holds the closed position when pressed, and can be turned on only after the power is turned off.
When the Metal Switches is not pressed, the movable contact is connected with the upper stationary contact. The pair of contacts is called a normally closed contact. At this point, the movable contact is disconnected from the following static contact. The pair of contacts is called a normally open contact: the button is pressed, the normally closed contact is open, the normally open contact is closed, and the button is released. Restore the original working state under the action of the return spring
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