Sapphire re annexation of the proposed acquisition of 50.5% stake in Jetion new material

M & A case of great momentum, especially this year. Following the sapphire factory red photoelectric incorporated into the Southwest Pharmaceutical stocks, sapphire field mergers and acquisitions ushered in this year's second.

In September 1st, Dongxu photoelectric announcement that Dongxu photoelectric and transfer Jetion new materials investment (Hongkong) Co. Ltd., Target Corp, Jiangsu Jetion new materials Co., Wang Lubao, Wu Meirong, to guarantee Jiangsu Huantai Group Limited, Zhenjiang huaantai Silicon Technology Co., Ltd., Jiangsu Meike silicon high energy Solar Technology Co. Ltd. Jetion signed a new material limited company of investment intent, intends to increase conversion and form of the acquisition of Jiangsu Jetion new materials Co., Ltd. 50.5% stake.

After the completion of the equity investment, Dongxu photoelectric Jiangsu Jetion stake held by 50.5%, the transfer of Jetion new material investment (Hongkong) Co., Ltd. held by the Jiangsu Jetion stake of $49.5%.

According to the financial indicators of the company, by the end of June 30, 2014, Jiangsu Jetion New Material Co. Ltd. the total assets of 632 million yuan, net assets of 219 million yuan, operating income of 68 million 106 thousand and 500 yuan, net profit loss of 2 million 624 thousand yuan (Unaudited).

In addition, the transfer of Jetion new materials investment (Hongkong) Limited and Jiangsu Jetion actual controller Mr. Wang Lubao issued a letter of commitment, commitment to performance, in 2015 2016, Jiangsu Jetion 2017 net profit of not less than 30 million yuan, 60 million yuan, 100 million yuan. If the 2015 year, year 2016, the year of Jiangsu Jetion net profit of the year when the net profit can not be reached, the difference in part by the commitment of cash to make up the.

Dong Xuguang said in the announcement, the sapphire hardness only to diamond, the application in the intelligent mobile phone, tablet computer touch panel display terminal, play with privacy protection and application function can be achieved than the traditional chemical reinforced glass hardness performance, better better touch experience, more secure more value, apple, Samsung and domestic HUAWEI, backgammon and other mobile phone manufacturers have carried out active layout and applications, the company is also optimistic about the future development of the sapphire cover glass market.

Signed a letter of intent to invest, will help the company cut sapphire cover glass field, give full play to the company in the field of display material advantage, the high aluminum cover glass sapphire cover glass and Hosting Company Ltd. Sichuan Xu Hong photoelectric technology limited production of the formation of complementary products, while covering the mobile phone cover glass in the high-end market, enhance the company's competitiveness, have a positive impact on the sustainable development of the company.

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