Get involved in lighting Lehman intends to acquire 230 million LED lamps

July 8th, Lehman photoelectric release on the planning of the issue of shares to buy assets. Announcement that the company intends to combine through the issuance of shares and cash is the 100% acquisition of a company engaged in LED lighting research and development, production and sales of the company's equity, initially negotiated the transaction price of about 230 million yuan. Meanwhile, the company intends to not more than 5 qualified investors to issue shares to raise matching funds.

As of now, the company hired financial advisers, lawyers, audit, assessment and other intermediary agencies have basically completed the transaction due diligence work, and is the subject of the company together with the counterparty, speeding up discussions, demonstration, improve and optimize the concrete scheme of the issuance of shares to buy assets of a thing.

Lehman photoelectric said the company's board of directors will convene a meeting after the completion of the relevant work to consider the issue of shares to buy assets related to the motion. According to the major asset restructuring of listed companies management approach and the relevant provisions of the Shenzhen Stock Exchange on the disclosure of major asset restructuring of listed companies, the company's shares will continue to be suspended from July 9, 2015.

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