Alto electronics QianBaiHui 250 million acquisition of 100% equity

Chinese securities network Alto Electronics (002587) released late June 15th asset acquisition plan, the company intends to issue 9 million 791 thousand and 100 shares to 19.15 yuan / share, and pay 62 million 500 thousand yuan in cash, the total price of 250 million yuan to acquire 100% stake in QianBaiHui; and intends to 22.62 yuan / share, to GF information management (ESOP), the post fund LaFang (LaFang No. nine, investment fund), Tim Li Beiduo, Yang Jian, Hui investment, Wu Jun, Zhang Danian, Shen Yongjian issued shares to raise matching funds of not more than 250 million yuan. Since the exchange will be the program after the audit, the company's shares will continue to be suspended.

According to the plan, QianBaiHui lighting engineering industry is a comprehensive solution to the domestic well-known provider, mainly engaged in the overall planning and design of city landscape lighting engineering, construction and related landscape lighting engineering lighting product development, production and sales, is a professional lighting engineering enterprise with a set of lighting product development, production, lighting engineering the design, construction and service in one of the. As of 2015 3 at the end of the month, QianBaiHui total assets of 93 million 569 thousand and 900 yuan, net assets of 52 million 338 thousand and 400 yuan; the 2013 and 2014 annual achieved operating income of 82 million 511 thousand and 300 yuan, 106 million 61 thousand and 400 yuan, net profit was 8 million 946 thousand and 100 yuan, 17 million 213 thousand and 800 yuan. Its 2013 year, year 2014 and 2015 1-3 months are the largest customers Wanda group.

Counterparty commitments, the subject of the company in the year 2015, year 2016, 2017 and 2018 annual net profit after deducting non recurring gains and losses attributable to owners of the parent company of not less than 21 million yuan, 29 million 400 thousand yuan, 38 million 220 thousand yuan and 43 million 380 thousand yuan.

Alto electronics said the company's products cover LED display system, financial self-service system and LED lighting in three major areas, in the field of LED display system and financial self service system, the company has strong competitiveness, at the same time the company will continue to expand into the field of LED lighting. The transaction will greatly promote the development of the company's LED lighting business, improve the LED lighting business contribution to the company's performance.

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