Sanan in talks with Osram on potential deal

Chinese lighting maker Sanan Optoelectronics Co Ltd has announced it has had talks with Germany's Osram Licht AG about a potential acquisition, although discussions were in the very early stage and no details were finalized.

Sanan said it had an "initial communication" with Osram on a potential acquisition or cooperation and met Osram once, according to a statement released to the Shanghai Stock Exchange on Monday.

The company has not had any negotiations with Osram regarding the transaction details, including the price, and no binding documents have been signed, it said. There are "significant uncertainties" on whether a deal would take place, the statement said.