Due to a major asset restructuring, from July 18, 2016, shares trade of MLS, China’s leading LED packaging manufacturer, remained suspended until May 2, 2017. MLS announced it would spend up to RMB 4 billion (around US$580 million) to acquire the whole ownership of Guangdong Mingxin Optoelectronic, which holds a 100% stake in LEDVANCE. By doing so, MLS would gain full control of LEDVANCE, originally Osram’s lamps and lighting unit. This partnership is expected to create synergies in manufacturing, distribution, R&D, and branding, offering both sides important competitive advantages in the post LED lighting era.