Abison termination of the acquisition of European LED display manufacturers

Abison July 18th evening announcement, taking into account the complexity of the transaction and promote the uncertainty for the maintenance of the company and the interests of all shareholders, after careful research, the company decided to terminate the acquisition of Artixium Display Ltd. (hereinafter referred to as "Artixium") 51% equity matters, and the decision to inform the counterparty.

May 9th, Abison and Artixium signed a memorandum of investment, the company intends to invest $4 million 500 thousand acquisition of Artixium stake held by the original shareholders of the original. Artixium is a European shareholder founded and all, headquartered in Hongkong, China LED display manufacturers, founded in 2014, mainly to provide stadium screens, rental screens and other products. Artixium R & D team core members are mainly from Europe, Artixium has a strong product design and innovation capabilities, the development of its virtual display of the stadium screen has been tested by some European clubs.

Abison said that the termination of the acquisition of development planning company display products in the field of sports and the Future Ltd will not matter, through endogenous development and extension of the way to seek development in the field of sports in Europe, to enhance company profitability and sustainable development capacity.

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