Allring technology intends to buy 765 million Lixin media, to promote the two main business goals

Allring technology September 1st evening announcement, the company intends to exchange each other through the issuance of shares and cash to buy their aggregate holdings of Hangzhou Lixin Media Advertising Co., Ltd. 100% stake, Lixin media 100% stake in the trading price of 765 million yuan, the stock price of 584 million 300 thousand yuan, the cash price of 180 million 700 thousand yuan. Is the issuance of shares to buy assets of the number of shares issued 53458368 shares. At the same time, the company intends to use the inquiry way to no more than ten specific qualified investors in non-public offering of A shares to raise matching funds of not more than 200 million yuan, the raise matching funds to be used to pay cash for the transaction price, the transaction tax and agency costs.

Lixin the media as an advertising media company, its core business is to provide service of TV media, TV media advertising agency and content marketing combination. The performance of the compensation obligation commitment, Lixin the media 2017 year 2018 year, 2019 year and 2020 year was hired by the listed company with the qualification of securities and futures business audited net profit after deducting non recurring gains and losses attributable to shareholders of the parent company were not less than 60 million yuan, 75 million yuan, 90 million yuan, 97 million 200 thousand yuan. Through this transaction, the company will form a full range of advertising and marketing services platform of traditional media and new media full coverage.

This transaction for allring technology building advertising media industry chain, and gradually realize the LED industry and the advertising media double main industry strategic development planning is of great significance.

LED more information, please click on the LED network or the WeChat public account (cnledw2013).