Chau Ming generous fund-raising 500 million yuan overweight both LED applications

Chau Ming Technology (300232) June 3rd afternoon disclosed the non-public offering plan and issue shares to buy assets and raise matching funds draft, the company intends to price 16.96 yuan / share, to Lin Mingfeng, Zhou Wen, Sun Hongxia, Qianhai Daewoo information management plan, information management plan Hansin non-public offering of not more than 30 million shares, to raise funds a total of not more than 509 million yuan, net proceeds after deducting expenses of the investment project, the construction of production base of Dayawan commercial LED super TV automatic acquisition Lampson technology 20% stake in the project and add liquidity.

Lampson technology was founded in 2004, is a professional engaged in research and development, application of LED products design, production, sales and service in one of the products, service providers, and is currently the largest domestic LED product application system solutions provider. At present, Chau Ming Technology for Lampson technology 80% stake acquisition has been completed, the non-public A to raise funds to complete the remaining 20% of the shares for the acquisition, implementation of Lampson technology 100% shares, to further strengthen the control of the blue science and technology, improve the industrial chain company. The Chau Ming technology to obtain 20% stake in blue cape technology trading price of $55 million.

In addition, the company intends to price 16.96 yuan / share to land Chudong, Qian Yujun issued 12 million 676 thousand and 900 shares, the acquisition of 40% stake in Dior Lei to the company at the same time, the actual control of Lin Mingfeng issued 12 million 676 thousand and 900 shares at the same price, not more than 215 million yuan to raise funds for capital construction, to mine the Dior high-end LED display technology upgrade project, "R & D center construction project, add liquidity Dior lei. Through this transaction, Chau Ming technology will hold 100% Redio.

Redio is mainly engaged in the development, design, production and sales of LED HD color display products, is the leading professional provider of LED display solutions. 2013 and 2014, respectively, net profit of 15 million 648 thousand and 100 yuan and $45 million 378 thousand and 700. As of December 31, 2014, Redio 100% equity valuation of $539 million, the appreciation rate of 754.84%, the corresponding transaction price of $40% is $215 million.

Redio photoelectric revenue table

Lei Lu, Qian Yujun Dior shareholders Chudong commitment, such as the issuance of shares to buy assets in 2015 completed, ray Dior at the 2015 -2018 annual audited net profit after deduction of non were not less than 51 million yuan, 58 million yuan, 65 million yuan and 73 million 800 thousand yuan, or to the transaction on the price to get the shares listed the company for compensation.

Notice that the company's shares will continue to be suspended, the suspension is expected to be no more than 10 trading days since the date of disclosure of this trading scheme.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).