Nationstar Optoelectronics (002449) announced on the evening of July 13 that the company signed an equity transfer intention agreement with Electronics Group (a wholly-owned subsidiary of Guangsheng Assets, the company’s controlling shareholder and actual controller) on July 13. The company plans to transfer 100% of the equity and all corresponding rights and interests of Guangdong Desheng held by Electronics Group for no more than 250 million yuan.
Guangdong Desheng was established in July 2013. It is a project company established to develop and construct the "Guangdong Electronic Information Industry Group Nansha GEC Industrial Park Project". The industrial park project is located in Area 2 of the Import and Export Processing Zone in Nansha District, Guangzhou City, within the planned Electronic Information Industrial Park of Nansha New District. The total project area is approximately 160,000 square meters, and the total planned construction area is approximately 470,000 square meters. As of June 30, 2015, Guangdong Desheng's total assets were 84.2345 million yuan, net assets were 2.7314 million yuan, and net profit was -468,500 yuan.
In addition, the company also announced that Sigma, the company's largest legal person shareholder, plans to increase its holdings of the company's shares with a total of no less than 10 million yuan of its own funds within six months of the date of this announcement through methods permitted by the Shenzhen Stock Exchange securities trading system.
The company’s stocks have resumed trading since the market opened on July 14.
ANNA