On January 16, Qinshang announced a strategic move to transfer part of its shares in Beijing Caiyida Technology Development Co., Ltd. The company plans to collaborate with Huatong Group Co., Ltd., Zheng Jian, Zheng Yong, Zhang Fenglian, and its subsidiary, Caiyida. They signed an "Investment Agreement" under which Huatong Group, Zheng Jian, and their designated entities will inject capital into Caiyida. After the capital increase, Qinshang will transfer some of its equity in Caiyida to Zheng Jian or its designated parties.
According to the agreement, Qinshang's stake in Caiyida will decrease from 51% to 23%, meaning that E-Tech will no longer be consolidated as a controlled subsidiary in the company’s financial statements. This shift reflects a broader strategy to optimize its investment portfolio and focus on core operations.
Meanwhile, Energizer Holdings, one of the world’s leading manufacturers of dry batteries and portable lighting equipment, announced its plan to acquire Cobo Holdings’ global battery business and portable lighting division for $2 billion in cash. The deal is expected to close by the end of 2018. Energizer operates in over 175 countries and is known for its high-quality products, including batteries that are sold at a rate of more than 3 million units daily in the U.S. alone.
Cobo Holdings, based in Delaware, is a global consumer goods company with manufacturing facilities across the U.S., Europe, Latin America, and Asia. Its portable lighting and battery businesses generated $866 million in revenue in 2017. The acquisition is seen as a key step in expanding Energizer’s market presence and product range.
In another development, a team from the National University of Singapore has created ultra-thin LEDs that could revolutionize next-generation communication technologies. These energy-efficient devices use graphene-like materials, which are just a few atoms thick and offer excellent optical properties. However, converting electrical signals into light efficiently remains a challenge, as most of the current tends to dissipate as heat.
Professor Goki Eda led the research team in developing a high-performance ultra-thin LED that minimizes energy loss during the electro-optical conversion process. By preventing current leakage from the emissive layer to the metal electrodes, the team achieved significant improvements in efficiency. This breakthrough could pave the way for faster and more energy-efficient data transmission in future electronic systems.
This news highlights ongoing innovations in both corporate strategies and cutting-edge technology, showing how companies are adapting to new market demands and pushing the boundaries of scientific discovery.
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