Tech Pro completes acquiring Football Club Sochaux-Montbéliard as strategic move to establish business in France and tap European market
- Category: COMPANY NEWS
- Published on Tuesday, 07 July 2015 07:21
- Written by Super User
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(7 July 2015 – Hong Kong) An internationally renowned manufacturer and seller of LED lightings products and components, Tech Pro Technology Development Limited (“Tech Pro”, the “Company” or the “Group”, SEHK stock code: 3823) is pleased to announce that its wholly-owned subsidiary, LEDUS Club Limited has completed the acquisition of the entire issued share capital of Football Club Sochaux-Montbéliard SA (“FCSM”) for €7 million, paving the way for the development of its strategic business and marketing campaigns in France, as well as tapping the European market.
The proposed acquisition will allow Tech Pro’s “LEDUS” brand to springboard into more overseas markets. In order to promote and market its products. Apart from having the logo of “LEDUS” emblazoned on the club’s jerseys, the Group plans to increase the exposure of the brand in the media and the public and thus raising the awareness and recognition of “LEDUS” not only in France but also the whole Europe. This will be achieved through various ways, such as television broadcast of French football matches, sales of the club’s jerseys and souvenirs and the marketing materials of the football club. On the other hand, the Group plans to convert the football stadium and training school of FCSM to LED lighting from the traditional one, as its first foray into the market of the private sector in France.
Mr. Li Wing Sang, the Chairman of Tech Pro says, “The successful acquisition of FCSM marks a strategic step for the Company to tap the European market. We believe that marketing the football club and converting the lighting systems of football stadiums can raise the awareness and recognition of “LEDUS” brand in Europe. At the same time, it helps the Company to tap both French public and private sectors, thus increase market shares of its products and diversify the sources of income, helping boost the revenue and increase the enterprise value.”
Established as a French association football club in 1928, FCSM subsequently became a limited liability company and is principally engaged in the development and promotion of a professional football club. The time-honoured football club won twice in the French Football League 1 respectively in 1935 and 1938, and was the winner of the French Cup in 1937 and 2007. In addition, since the establishment of the first football school of FCSM in 1976, young football players were well-trained and achieved successes in the pitch. In 2015, the U19 team has won the Gambardella Cup for the third time.
Mr. Dennis Worbe, the Chairman of FCSM added, “We achieved the acquisition after a year of deliberation and negotiation of both parties. Tech Pro is a strong company with vision and long-term strategies, which can infuse our club with more resources. FCSM will adopt the newly-designed team logo and jersey upon the completion of acquisition, symbolizing a new chapter of the club. We firmly believe that, our football team will strive to move forward and hit a new record under the leadership of Tech Pro in the near future.”
Photo caption: Mr. Li Wing Sang, the Chairman (left) and Mr. Chiu Chi Hong, the executive director (right) of Tech Pro, attended a press conference in France and announced the successful completion of acquiring the entire issued share capital of FCSM. They also showed the brand new home jersey (left) and away jersey (right) with the logo of “LEDUS”.
Photo 1: Mr. Li Wing Sang, the Chairman (left) and Mr. Denis Worbe and Mr. Chiu Chi Hong, the Executive Director met before the press conference
Photo 2: Mr. Li and Mr. Denis Worbe attended a press conference in France and announced the successful completion of acquiring the entire issued share capital of FCSM.
Photo 3: Mr. Li and Mr. Chiu attended a press conference in France and announced the successful completion of acquiring the entire issued share capital of FCSM. They also showed the brand new home jersey (left) and away jersey (right) with the logo of “LEDUS
Photo 4: Mr. Li and Mr. Chiu with the key management of FCSM
Photo 5: Mr. Li interviewing with French media
Photo 6: Mr. Li and Mr. Chiu meeting FCSM partners
Photo 7: Mr. Laurent Pernet (left 1), CEO of FCSM, Mr. Li and Mr. Chiu meeting with Montbéliard politician Mr. Frédéric Barbier (right 2)
Photo 8: Mr. Laurent Pernet, Mr. Li and Mr. Chiu meeting with Mr. Albert Matocq-Grabot, Mayor of Souchaux (left 2)
Photo 9: Mr. Laurent Pernet, Mr. Li and Mr. Chiu meeting with representatives from Pays de Montbéliard Agglomération [Mrs. Aline Pellet, Director of the Services, Mr. Marcel Bonnot (left 3), President, Mr. Charles Demouge (right 3), 1st Vice President, Mr. Christophe Froppier (right 1), Vice President in charge of Sports]
Photo 10: Mr. Laurent Pernet, Mr. Li and Mr. Chiu meeting with Mr. Daniel Buchwalder (left 2), Mayor of city of Seloncourt
Photo 11: Mr. Li and Mr. Chiu meeting with Mrs. Marie-Noëlle Biguinet (middle), Mayor of city of Montbéliard
Photo 12: Mr. Laurent Pernet and Mr. Li meeting with Mr. Damien Meslot (middle), Mayor of Belfort
Photo 13: Mr. Li with Mr. Marcel Bonnot, President of Pays de Montbéliard Agglomération, and his old collection Peugeot Car
Photo 14: Mr.Li with Mr. Stéphane Fratacci, Prefet of the Region Franche-Cometé and Prefet of Doubs
Photo 15: Mr. Laurent Pernet and Mr. Li meeting with Mrs. Christine Bouqin (middle), President of the Department of Doubs at Besançon