Adding LED business, NVC intends to increase its two shares in 545 million

Yesterday (23) (23), NVC (hereinafter referred to as "the company") issued a announcement that the company intends to buy the remaining 60% shares of Hongkong azure Light Trading Co., Ltd. of Roman international, with a purchase price of 500 million yuan. According to the previous announcement, NVC has entered into a sale agreement with Roman International Limited in March 16, 2018. The acquisition of 40% of the blue core light is worth 315 million yuan.

In addition, the company's wholly owned Affiliated Companies, Zhuhai, is going to buy a 5% stake in Zhang Peng's Wuhu Rex, with a purchase price of 45 million yuan.

According to the announcement, blue core has a 85% stake in Wuhu thunder, and the company indirectly holds a 10% stake in Wuhu Rex; Mr. Zhang Peng directly holds 5% shares of Wuhu thunder. After the acquisition, the Affiliated Companies, such as azure light and Wuhu Rex, will become a wholly owned Affiliated Companies of the company.

The main business of Zhuhai Rex includes lamps, light sources, LED products and the development, production and sale of appliances and appliances. The main business of Wuhu is to sell and distribute lighting products through the e-commerce platform and distribution channels. The business activities of the blue core include investment holding, lighting, LED, and household appliances. Design and development, dissemination, technical consultation and international trade.

NVC said that, in the past two years, the profit space of the manufacturing enterprises of lighting products has been compressed because of the continuous rising of some metal raw materials, components and labor costs. In order to improve the core competitiveness and achieve sustainable development, in 2018, the company made a strategy to transform from manufacturing enterprise to channel type enterprise. This and previous acquisition will enhance the ability of the company to develop sales and distribution channels and / or cooperate with them on line to line. After the completion of the acquisition, the company will continue to expand its sales and distribution channels and benefit from the collection, analysis and application of large data related to consumer behavior.

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