Looking for high quality targets to be set to invest 49 million 400 thousand M & A fund

REFOND announced on 26 May, in order to seek has important significance on the company's acquisition target in a wider range, with the help of professional investment institutions to enlarge the company's investment capacity, accelerate the company extended the pace of development, the company intends to use the raised funds of 49 million 400 thousand yuan with Kang Chengheng and the investors, Shenzhen ricom Asset Management Co. the company jointly initiated the establishment of Shenzhen ricom acquisitions Fund (limited partnership) (tentative name).

Mergers and acquisitions fund will focus on the strategic direction of the company established to carry out investments, mergers and acquisitions, business integration, mergers and acquisitions fund investment areas around LED related industries, including intelligent lighting industry and new materials industry, the investment choice in line with the company's development strategy and mergers and acquisitions investment direction of the enterprise.

The form of the fund is limited partnership, the total size of 200 million yuan. The company as a limited partner fund mergers and acquisitions, the total investment 49 million 400 thousand yuan, realcan assets invested 2 million yuan, the remaining part of the capital raised by Kang Chengheng responsible for foreign investment, according to the actual project progress stage in place.

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