Ruifeng 200 million yuan acquisition of Ling Tao's 85% stake

Ruifeng photoelectric (300241) today (5) announcement, the company intends to 11.56 yuan / share issue price of shares and a combination of cash payments to raise 200 million yuan to buy Wang Weiquan, Peng Xiaoling holds a total of Shenzhen yega Technology Co., Ltd. 85% stake, and intends to Guangdong Wen's Investment Co. Ltd., Shenzhen REFOND optoelectronics the first phase of Limited by Share Ltd ESOP, TCL group, Du Jianguo, Chang Baofei public offering of shares to raise matching funds, the total funds raised not more than 100% of the transaction price of the underlying asset. In addition to supporting the use of funds to pay for the transaction of the cash consideration and transaction costs, all used to supplement the company's liquidity.

The issuance of shares to buy assets related to the issue of the number of shares to 9 million 169 thousand and 500 shares, which respectively to Wang Weiquan and Peng Linda issued 8 million 711 thousand and 100 shares and 458 thousand and 500 shares. In addition, to raise matching funds to TCL, Wen's investment, employee stock ownership plan, Du Jianguo, Chang Bao issued 17 million 301 thousand shares.

According to the company and Wang Weiquan, Peng Xiaoling signed the issue of shares and payment of cash to buy assets framework agreement, the transaction price of 94 million yuan of cash.

In addition, Wang Weiquan, Peng Xiaoling and their common initial commitment: Ling Tao photoelectric 2015 year 2016 audited after deducting non recurring gains and losses of the actual net profit of not less than 27 million yuan, 30 million yuan, from 2015 to 2017 three annual audited net profit after deducting non recurring gains and losses accumulated after the number of not less than 90 million yuan.

REFOND said that through the acquisition of Ling Tao photoelectric company, will broaden the range of products in the field of LED backlight, is the company's existing main business consolidation, extension and rich, to the downstream LED application terminal manufacturers and manufacturing base to provide a more comprehensive solution.

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