Overweight LED package yuanlei Furi Electronics intends to purchase 51% stake

Furi Electronics October 25th announcement, the company intends to transfer part of the equity and the way of capital, the total price of 119 million 850 thousand yuan to obtain Shenzhen yuanlei technology 51% stake, which increased the LED industry.

Among them, the company transferee Pingxiang yuanlei asset management partnership to 79 million 850 thousand yuan (limited partnership) holds 40.9487% stake in yuanlei Technology (invested 12 million 284 thousand and 610 yuan); after completion of the transferee, and then to 40 million yuan of Yuan Lei Technology (unilateral capital investment amounted to 6 million 153 thousand and 846 yuan). After the completion of this transaction, Lei Lei registered capital changed to 36 million 153 thousand and 846 yuan, the company holds a total of its equity interest of $51%.

Source of technology focused on the field of LED lighting package, engaged in the development of small and medium power LED lighting packaging devices, production and sales, mainly for indoor and outdoor lighting and advertising logo, the production area of about 9000 square meters. Yuanlei technology small and medium power LED package is divided into LED lighting devices and advertising signs LED devices, including LED devices mainly used for indoor lighting, outdoor lighting, advertising signs LED devices mainly used in light, light boxes, billboards and other fields. Among them, the more distinctive products are LED filament, mainly for crystal chandeliers, candle lights, wall lamps and other high-end places. Data show that in 2014 1-6 months, the source Lei technology to achieve operating income of 105 million yuan, net profit of $14 million 300 thousand.

Announcements, yuanlei technology of the three individual shareholders commitment, the target company in 2014, 2015, 2016 net profit attributable to the parent company (excluding non recurring gains and losses) were not less than 29 million yuan, 34 million yuan and 40 million yuan, a total of 103 million yuan, if not reached, the performance compensation.

For this acquisition, the company said, LED photoelectric industry as the core industry, Future Ltd will work to build the whole industry chain LED, and LED packaging business yuanlei technology in management, product technology and cost more advantages, with good operating performance and future development potential. The acquisition is in line with the company's long-term development plan, will help enhance the company's LED lighting package business competitiveness, further to develop in the direction of the LED industry chain, improve the company's LED industry's market competitiveness and profitability.

Disclosure of the company's three quarterly bulletin shows that 1-9 month operating income of $2 billion 24 million, an increase of 13%, net profit of $51 million 290 thousand, down by 50.78%, net assets of $764 million, a substantial increase of 58.34%.

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