650 million! Qian Zhao intends to buy Zhejiang blot and expand the layout of LED upstream.

Yesterday (10) evening, the dry lighting (hereinafter referred to as the "company") issued a notice that the company intends to issue shares to Xu Liang and other 19 trading parties and to pay cash to buy 100% stake in Zhejiang blue. The 100% stake in Zhejiang's blue price is initially priced at 650 million yuan.

According to the announcement, in the transaction, the company purchased shares of Zhejiang's blue blue stock from Xu Liang and other 16 parties in the form of share payment. The share payment consideration amounted to 594 million 485 thousand and 700 yuan, accounting for 91.46% of the total consideration of the transaction; and 3 cash transactions to the dry core investment, the first division Yan Yuan and the first division east. The purchase price of Zhejiang's blue blue stock is 55 million 514 thousand and 300 yuan, accounting for 8.54% of the total consideration of the transaction. After the completion of the transaction, Zhejiang blue will become a wholly owned subsidiary of the listed company.

Specific circumstances of trading consideration

In addition, the issue of shares and payment of cash to purchase assets at the same time, Qian Zhao photoelectric intends to no more than 5 specific investors non-public offering shares to raise matching funds not more than 546 million 632 thousand and 300 yuan. The matching funds will not exceed 100% of the proposed share purchase price, and the number of issued shares will not exceed 20% of the total share capital of the listed companies before the issue. The purpose of raising matching funds is to pay 55 million 514 thousand and 300 yuan for cash consideration, 20 million yuan for payment of intermediary agency fees and other related taxes and 471 million 118 thousand yuan for investment in Zhejiang blot project.

Qian Zhao said that the transaction did not constitute a major asset restructuring of listed companies. After the completion of the transaction, Xu Liang and its controlled enterprises, such as German Sheng Tong, Bo Yuan investment and Baoxi LAN, jointly held shares of listed companies over 5% of the total share capital of the company after this issue. In addition, the limited partner of Qian Qian's investment in dry light trading department holds 49.51% of its capital contribution.

Statistics show that the main business of Zhejiang blue is the development, production and sale of patterned sapphire substrates. Sapphire crystal rods are used as raw materials, and then sapphire substrates are made by cutting, polishing and polishing. Then, the patterned sapphire backing products are produced through exposure, development and etching, and are sold abroad. Through this transaction, the photoelectron will continue to extend to the upstream of the LED industry chain. It will expand the layout of the dry photoelectron in the LED industry and enrich the company's business form. It will lay a good foundation for the long-term development of the company and the enhancement of its core competitiveness.

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