Forest Lighting (formerly branded as MLS) announced recently it had acquired 80% shares from Hong Kong lighting vendor Super Trend Lighting Chairman Jiangguo Yen (嚴建國), which is expected to bolster the Chinese player’s LED filament bulb market share.
Super Trend Lighting’s main finance source is from affiliated LED Original Designer Manufacturer (ODM)business Sunny World (Shaoxing) Green Lighting. According to an HKTDC report, Super Trend Lighting was founded in 1987, and started off in the luminaire industry as a CFL and halogen bulb manufacturer before it entered the LED industry in 2007. In 2009, the company began to invest in LED filament bulb market sector, and has more than 200 filament bulb models under its Luktek brand. The company is one of the leading LED filament bulb brands in China.
After acquiring Osram’s joint venture in China Sunny World (Shaoxing) Green Lighting (Shaoxing) in 2013, Super Trend went on to scale up LED bulb manufacturing capacity. At the time Shaoxing had Osram’s largest LED and CFL manufacturing plant, according to the company website introduction.
According to Super Trend’s financial statement, its total assets reached RMB 628 million (US $96.49 million) as of Dec. 31, 2015, while net assets valued RMB 117 million. The company’s revenue for the entire year of 2015 was RMB 428 million, and reported net loss of RMB 2.08 million.
Despite the company’s net loss, Forest Lighting remained optimistic. The investment fits the company’s development strategy, and by acquiring the group’s LED filament technology and market share in the decorative lighting market sector, it could diversify the company’s LED product lineup. Forest Lighting was also optimistic about the synergy and future partnership developments.
