Depp science and technology 220 million purchase of mainland LED products business

Depp Technology (03823) announced that the total cost of 220 million yuan, to the acquisition of oplink Xinda technology all shares, the price will be 40 million yuan in cash, 20 million yuan issued promissory notes and 160 million yuan to 2 yuan per share 80 million shares issued shares to pay the price. The price of shares compared to yesterday's closing price of 1.82 yuan premium of $9.89%, the cost of shares accounted for the enlarged share capital of 9.09%. The United States is mainly engaged in the research and production of semiconductor parts and accessories, as well as the production, assembly and processing of LED lamp business. The Seller shall guarantee that the self completed within 12 months, oplink technology audited tax and any non regular or special projects before the net profit will not be less than 30 million yuan. Depp science and technology, said, because the LED is better than the traditional light source system, and can save more energy, global demand for LED products is expected to continue to rise, so the LED industry and its related products in the future with confidence.