The new shareholder is settled in LED driver supplier--MOSO

On December 3rd, the signing ceremony of merger and acquisition between Jinan Industrial Development Group (Hereinafter referred as IDG ) and Moso Power Supply Technology Co., Ltd (Hereinafter referred as MOSO ) was successfully held in Longao Building.

Signing ceremony

At the signing ceremony, Gu Yongde, Chairman of MOSO, and Meng Xin, Deputy General Manager of IDG signed an agreement on behalf of both parties, which agreed that IDG obtains the actual control right of the listed company.

In the future, both sides will integrate their superior resources, introduce supporting enterprises to Jinan, carry out multi-dimensional and multi-level in-depth cooperation.

Approved by the Jinan Municipal government, Jinan Industrial Development Group is a municipal first-class state-owned company integrating industrial investment, asset operation, park investment and construction, industrial financial services and other businesses.

A group photo

Moso Power Supply Technology Co., Ltd is a state-level high-tech enterprise, a global advanced Power solution supplier and a landmark enterprise in the domestic Power Supply industry. It is also the first listed company whose main business is LED driver Power Supply in China.

MOSO integrates product R&D, manufacturing, sales and service, and its products are exported to the United States, Japan, South Korea, Singapore, Europe, Hong Kong, Taiwan and other countries or regions.

As the first echelon of the industrial physical manufacturing enterprises, MOSO plans to invest in the construction of "5G Consumer Power Industrial Park (Northern base)" in Jinan, at the same time, the supporting enterprises will be introduced to Jinan to fill the industrial gap.

The successful acquisition of MOSO by IDG opens a new journey for investment and financing platform. IDG has made another substantive step in promoting the reform and innovation of state-owned assets and state-owned enterprises and exploring the reform of asset securitization. 

On the other hand, MOSO will continue develop under the leadership of IDG, further strengthen its competitiveness in related fields and industries, accelerate the pace of focusing on the main business to achieve high-quality development, which is great significance to promote the development of MOSO.