Audio: to nearly 280 million purchase two according to enterprise equity, the resignation of chairman

Yesterday (16) evening, Feile audio announcement, the company intends to wholly owned subsidiary of Shanghai Feile Investment Company Limited a wholly-owned subsidiary of Inesa UK Limited for 34 million 500 thousand euros (about 264 million yuan) to buy Feilo Malta Limited Havells Holdings Limited related party held the price (FML) the company intends holding 20% stake; subsidiary Feilo Malta Limited Sylvania Asia Pacific, a wholly owned subsidiary of Feilo Limited, Flowil International Lighting (Holding) B.V., Feilo Sylvania Europe Limited for 1 million 600 thousand euros (about RMB 12 million 221 thousand and 600 yuan) acquisition of Thai Lighting Asset Company Limited, Havells International Ltd., Mr. Poomthep Malakul Na Ayudhaya natural person holding Havells Sylvania price (Thailand Limited) (hereinafter referred to as the "Thailand company") 100% stake.

According to the announcement, the subject of the transaction Feilo Malta Limited is a wholly owned subsidiary of Shanghai Feile Investment Company Limited a wholly-owned subsidiary of Inesa UK limited holds a 80% stake in the company, HHL holds a 20% stake. Mainly through its subordinates 52 subsidiaries engaged in lighting products (including mold parts, lamps and lighting products) design, manufacturing and distribution business. Thailand company is mainly engaged in the design, manufacture and distribution of lighting products (including mould parts, lamps and lamps) in Thailand.

The announcement said that the acquisition of the remaining 20% stake after the completion of FML, audio will become the sole shareholder of Sylvania group, will be beneficial to the company's existing business and Sylvania group in the market and channels, products and technology, human resources and management experience and other aspects of the further integration, realize the complementary advantages, resource sharing and fusion technology.

In addition, Feile audio said, the company will further promote the integration of Sylvania group, give full play to the synergy and Sylvania acoustics. To improve the acoustics competitiveness and brand influence in the global lighting market, to further expand the audio market share in the global scope, improve business performance, bring better returns to shareholders of the company. Secondly, with the international lighting giant GE out of the Southeast Asian market, for the entire Southeast Asian market set aside a vast space for development. At present, PHILPS and other international lighting giant is through a substantial reduction in the way to actively seize the GE in Southeast Asia set aside business space. At present, the lighting market in Southeast Asia is developing well and the market scale is steadily increasing. As an important market in Southeast Asia, Thailand enjoys stable political situation in China. At the same time, it has a stable sales channel, network and brand confidence in Thailand, Thailand. Therefore, the acquisition of Thailand company for the company's development in Southeast Asia to lay a solid foundation to enhance the company's Southeast Asian market share and influence.

On the same day, audio also announced that the board of directors in May 16, 2017 received a written resignation of chairman Mr. Cai Xiaoqing. Mr. Cai Xiaoqing has applied to the board for resignation from the board of directors, director, and board of directors of the board of directors. After his resignation, Mr. Cai Xiaoqing will no longer hold any position in the company.

Audio said, according to the relevant provisions of the "company law" and "articles of association" effect, Mr. Cai Xiaoqing's resignation from the board of directors of the company from the date of receipt. Mr. Cai Xiaoqing's resignation did not result in the company's board of directors is less than the statutory minimum number, does not affect the normal operation of the board of directors and the normal production and operation of the company.

Cai Xiaoqing, male, born in 1964, graduate degree, master of engineering, senior management, master of Business Administration (EMBA) researcher. Former Shanghai aerospace bureau deputy director general, eighth, five research institute director, deputy director (chair), director, deputy director of the Shanghai Municipal Economic Commission comprehensive planning office (level), director, director of Department of science and technology equipment industry department, vice mayor of Minhang District people's government.

For more LED related information, please click on the LED network or pay attention to the WeChat public account (cnledw2013).