The restructuring plan was not honglitronic 170 million cash acquisition success

Honglitronic 13 evening announcement that the company recently received the Commission on the China not anmao led former permitted company to issue shares to buy assets and raise matching funds decision. With the collapse of the restructuring plan, the company decided to purchase all the cash smalite.

On the reasons for the merger, the merger and reorganization committee believes that the underlying asset equity changes and disclosure is not clear, does not comply with the provisions of article tenth (four) of the major asset restructuring of listed companies management approach. According to the investigation, the provisions of the assets involved in the reorganization of major assets ownership clear, transfer or transfer of assets does not exist legal obstacles, the relevant creditor's rights to deal with legitimate debt.

On the specific reason is not, the company did not make more announcements in the announcement. The announcement, confirmed by the board of directors of the company decided to purchase reorganization anmao collar and other natural person holding its 100% stake Ismail was combined with the issue of shares and cash payments of termination, to acquire all the cash, and the purchase price is reduced by 10 million yuan (170 million yuan).

Yesterday (13 days), all shareholders of listed companies and the smalite anmao collar, Li Jundong, Liu Wenjun and Zhang Mingwu four signed the "equity transfer agreement", to 170 million yuan in cash to acquire 100% stake in smalite. Among them, anmao held smalite collar 72% stake at a price of 122 million yuan, Li Jundong, Liu Wenjun and Zhang Mingwu held a total of 28% smalite stake at a price of 48 million 479 thousand and 200 yuan. The company will own funds and bank loans to pay the exchange of cash.

Counterparty commitments, net profit to achieve success in the year 2014, 2015 and 2016 annual will be not less than 28 million yuan, 32 million yuan and 35 million yuan. The company said that after the completion of this transaction, honglitronic total assets operating income attributable to shareholders' equity and net profit will be significantly improved.

Compared to the previous was not set by the program, the company intends to combine through the issuance of shares and cash the way, buy anmao collar, Li Jundong, Liu Wenjun, Zhang Mingwu, Ismail was legally held 100% of the total equity.

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