Another big merger! Science and technology to be 450 million swallow LED equipment manufacturers Hyun Seok photoelectric

On the morning of the 18 science and technology disclose major asset restructuring plan, the company intends to buy 100% stake Hyun Seok photoelectric to issue shares and cash payment, and raise matching funds. Company temporarily resume trading.

The company acquired Hyun Shuo photoelectric 100% stake, the transaction price of 450 million yuan, the issue of shares to pay 65% of the transaction price, the total issued 7063511 shares, cash payment transactions on the price of 35%, a total of 157 million 500 thousand yuan;

After the completion of this transaction, science and technology will hold 100% stake in Hyun Hyun Seok photoelectric, photoelectric science and technology master will become a wholly owned subsidiary.

Counterparty Zhao Yutao, He Mingli, Hua hero, Hyun Shuo investment commitment, Hyun Shuo photoelectric 2016, 2017, in 2018 to achieve net profit of not less than 36 million yuan, respectively, $46 million 800 thousand, $60 million 840 thousand.

Hyun Seok photoelectric founded in 2010, mainly engaged in LED packaging, LED machine and intelligent lighting production line LED automation equipment and solutions for the development, design, production and sales, and gradually extended to the field of business and semiconductor production equipment automation manipulator. Hyun photoelectric has developed into the industry's well-known LED automation equipment manufacturing enterprises.

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