Philips lighting business bid for 2.6 billion US dollars crystal energy photoelectric participation

According to a Reuters report on March 15, two sources familiar with the situation revealed that the unexpected Asian consortium joined the Philips lighting device business bid, which is valued at about 2.5 billion euros (about 2.6 billion US dollars). China's LED company Jingneng Optoelectronics cooperated with investment company GSRVentures and Singapore's national fund Temasek to express their interest in the matter. They submitted their quotations at the last minute, one of the sources said. He added that the price of Jingneng Optoelectronics should be competitive, otherwise the chances of winning in this auction stage will be very low. In this regard, further verification found that Wang Min, CEO of Jingneng Optoelectronics, said that I have already seen the report, and now it is certain that we have not made an acquisition. But whether the quotation is true or not, Wang Min said, it is not convenient to disclose, I will tell you the result. It seems that the Chinese have joined the competition, but it is still unclear how big their odds are, another source said. Philips' consultancy Morgan Stanley plans to enter into exclusive negotiations with one of the bidders early next week to complete the Dutch electronics group's strategy to integrate the Philips lumens and headlight business into an independent company a year ago. People familiar with the matter have said that a consortium of private equity firms CVC and KKR has the highest offer in the Philips lighting component business, but rival BainCapital may still raise its offer. Philips spokespersons, CVC, KKR and Bain Capital declined to comment, and representatives of companies such as Jingneng Optoelectronics, GSR, Temasek and Morgan Stanley did not immediately comment. Crystal Energy received $80 million in financing from Asia Pacific Resources Development last year. In addition, it is understood that Jingneng Optoelectronics has been associated with Philips earlier, last year appointed former Philips executive James Haworth as the head of the US business.

A Lever Hoist is a piece of high-quality equipment used to lift and lower heavy loads without the aid of machinery. Lever Hoists have the ability to lift items in most positions, including horizontally. Different from the Chain Block or Hoist, which can only lift items vertically, the Lever Hoist's ability to lift items horizontally is a great benefit. 

A Level Hoist is usually fitted with a heavy-duty safety cap to hold your items comfortably and a top swivel connection which will allow easy lifting from all angles. The hand wheel can then be turned to release or retract as much chain length as required. The ratchet lever attached to the side of the lever hoist allows the chain to be free-willed when placed in the neutral position. When placed in the up position, it tightens the chain allowing the load to be lifted with the tension. 

Finally, to lift the load, crank the heavy-duty lever until your load has reached a suitable height. To lower the load, the ratchet lever must be switched to the downward position and the heavy-duty lever cranked to lower the chain.

Lever hoists are usually used when the user is required to hoist the load up towards the top hook where the user is positioned and has access to operate the ratchet lever. If hoisting from ground level, you might require a chain block (Hand Chain Hoist).

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