252 million yuan! Chau Ming Technology intends to acquire Hangzhou Bo and part of the equity capital

Yesterday (9) evening, Chau Ming Technology announcement, the company in October 9, 2017 with the Shenzhen Dingshuo Photoelectric Technology Co. Ltd. (hereinafter referred to as "Dingshuo photoelectric"), Huang Caimei, Pan Changhang, Bai Hangzhou smart optoelectronic Limited by Share Ltd (hereinafter referred to as "Hangzhou Bo") signed the "Shenzhen unilumin, Polytron Technologies Inc Shenzhen Dingshuo Photoelectric Technology Co. Ltd., Hangzhou, Pan Changhang and Huang Mei Cai Bo intelligent photoelectron Limited by Share Ltd on Hangzhou Bai intelligent capital Limited by Share Ltd and optoelectronic share transfer agreement".

The company intends to own funds and bank loans to 202 million yuan transferee Dingshuo, Huang Mei Cai photoelectric together hold 41.84% stake in Hangzhou bo. At the same time, the company intends to 50 million yuan for the Hangzhou Bo newly issued 30 million 490 thousand shares, the registered capital of 30 million 490 thousand yuan in the Hangzhou Bai Nian, the remaining 19 million 510 thousand yuan as capital premium included in Hangzhou Bo capital fund, after the completion of the transaction, Hangzhou Bai years of registered capital from 143 million 820 thousand yuan to 174 million 310 thousand yuan change yuan. The equity transfer and capital increase, the company will hold 52% stake in Hangzhou Bo, Hangzhou Bo's controlling shareholder become, Hangzhou Bo will become a subsidiary of the company.

The equity structure of the equity transfer and capital increase after the completion of the Hangzhou Bai years

Statistics show that Shenzhen Dingshuo Photoelectric Technology Co., Ltd. was founded in 2006, the company's business scope includes: semiconductor devices, integrated circuits, electronic products, electronic components, communications products, technology development and sales; information consulting (excluding personnel intermediary services); lighting products sales; domestic trade; goods and technology import and export.

Hangzhou Bo intelligent electronic Limited by Share Ltd was founded in 1999, the business scope of the company include: intelligent signage, intelligent identification, intelligent lighting, intelligent security, intelligent display (LED, LCD, 3D, etc. the holographic display screen) intelligent monitoring system and supporting the logos, light boxes and furniture, metal products and other mold finishing products, AC and DC power supply and the control system, the intelligent LED lighting product development, production, sales and service; computer software, hardware and integrated technology development, consulting, services and technology transfer; and to undertake the design and installation of city and road lighting engineering, building mechanical and electrical installation engineering, electronic and intelligent engineering, lighting engineering, building decoration engineering steel structure engineering, mechanical and electrical engineering contracting and supporting wind power and solar energy components and power generation system (involving capital Certificate of quality certificate to operate import and export products).

The first half of 2017, Hangzhou's annual revenues of 103643667.52 yuan, over the same period last year, net profit of 403648.57 yuan, less than a year ago.

The financial data of Hangzhou Bai

The company said, Hangzhou Bo has focused on display signage business, customer groups covering rail transportation, energy and oil station, hotel, catering, financial institutions and other industries, with the company's current display business segments to form a good synergistic effect, strengthen the company's business in the standard layout of general signs. At the same time, Hangzhou Bo in recent years in the landscape lighting business has accumulated a certain brand and high-end case, in the building and landscape lighting business advantages will effectively enhance the brand and influence in landscape lighting market. This transaction will help the company to further integrate the resources of the lighting industry, the formation of coordination with the company's existing lighting business, combined with Hangzhou Bo in the building and landscape lighting advantages, to help accelerate the company in the high-end market landscape lighting layout, in line with the strategic direction of the company in landscape lighting.

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