Riyadh intends to spend $189 million merger endlessly holding two enterprises

Riyadh (300296) July 8th evening announcement, the company intends to use its own funds 162 million yuan acquisition of Ming Electronic Technology (Beijing) Co., Ltd. 81% stake, the counterparty to Ming International Limited, Beijing meckey Century Technology Development Co. Ltd.; the company intends to use its own funds 27 million yuan capital holdings products (Shanghai) photoelectric technology limited 55% equity Primo Lite, a counterparty for (BVI) Ltd., gredmann Group Holdings Limited, Shenzhen City Department of future investment partnership.

Due to the uncertainty of the matter, the company applies, the company stock since July 9, 2015 opening date for suspension, pending the determination of the relevant matters, the company will be in accordance with the relevant provisions of the timely disclosure of the relevant notice and resume trading.

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