On November 2, Osram WeChat public account issued a notice clarifying that the review of the acquisition case has its established process, including the approval of the German Federal Ministry of Economic Affairs and Energy. The whole process is no different than expected, but some media have made many false statements about the review process. On November 2, Osram WeChat public account issued a notice clarifying that the review of the acquisition case has its established process, including the approval of the German Federal Ministry of Economic Affairs and Energy. The whole process is no different than expected, but some media have made many false statements about the review process. The Osram public announcement is as follows: German companies must undergo a certain regulatory process to obtain approval when trading with cross-border transactions. One of them is the permission of the Federal Ministry of Economic Affairs and Energy. Some media have begun to speculate on the results of the approval and generate rumors. Confirmed with the Federal Ministry of Economic Affairs and Energy that they are in the process of reviewing the transaction in accordance with standard procedures. And the whole process is in line with our prior expectations. We are working closely with relevant departments and will announce the news as soon as there is news. In response to a recent German media report that the acquisition of Osram's Ledvance was blocked, the OFweek Semiconductor Lighting Network had said that the Chinese acquisition of Osram's general lighting business did not involve national security technology, and the German government should have no reason to reject it. Event Review: On November 6, 2015, Mulinsen announced that the board of directors agreed to participate in the bidding for some of the lighting business assets of OSRAM Licht AG (Osram) and authorized Sun Qinghuan to represent the company to discuss the acquisition and sign the relevant documents. On July 26, 2016, Osram of Germany agreed to sell its general lighting business Round Vans to a joint bidder such as Mulinsen for 400 million euros; on October 27, Germany’s Economic Weekly quoted financial sources. According to reports, the German government has rejected a request from China to allow Germany to approve the Chinese consortium to acquire the Ledvance division of Osram. On November 2, OSRAM issued an announcement. Clarification, indicating that the review of the acquisition case has its established process, including the approval of the German Federal Ministry of Economic Affairs and Energy.
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