Cross large coffee and then shot Hai Lunzhe proposed acquisition of giant Albert

With the help of giant Albert m, Hai Lunzhe (300201) main business will be extended to LED before the special vehicle driver field, the company is expected to achieve the "two wheel drive".

Hai Lunzhe today (4) announcement, intends to combine through the issuance of shares and cash is the purchase of India leaves three people holding Jun giant Albert 100% equity, while raising matching funds. The transaction price of 72 million yuan, of which $18 million in cash, the remaining $54 million to $5.53 / share price to the issue of shares to pay the transaction.

Giant Albert mainly engaged in various types of LED driver and related product development, production, sales and service, the products are mainly used in municipal street lighting, landscape, communications and other fields of LED display and LED lighting. In addition, giant Albert has the core components required for LED display driver technology and IC control system and software copyright rights, etc. the technology will further enhance industrial giant Albert profitability and comprehensive service ability.

Counterparty commitments, giant Albert from 2014 to 2017 non deduction net profit of not less than 8 million 500 thousand yuan, 20 million yuan, 26 million yuan, 33 million 800 thousand yuan, a total of not less than 88 million 300 thousand yuan. If the actual profit is lower than the promised profit, the other party will be compensated in accordance with the provisions of the profit forecast compensation agreement. The compensation agreement agreed at the same time, the acquisition is successful, Hai Lunzhe plan target company capital 34 million 800 thousand yuan.

Hai Lunzhe said that customers focus on electricity, fire, municipal, landscape, petrochemical, communication and other industries. Giant Albert driving power supply for LED integrated service providers, products are mainly used in municipal street lighting, landscape, communications and other fields of LED display and LED lighting. The company's customers are mostly LED lighting equipment especially the terminal customer LED power supply equipment, so it has a certain customer synergies between the company and the giant albert.

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