Audio transfer St. Lanna industrial 100% stake, the "own" disk

Audio September 13th evening announcement that the company intends to price of 705000000 yuan to Shanghai instrument electronics (Group) Co., Ltd. to transfer its holdings in Shanghai Industrial Co., Ltd. 100% stake in St. lanna.

Notice that the acoustics since 2014 reorganization, the traditional lighting products manufacturers gradually to provide smart city overall lighting solutions for modern service for the transformation of manufacturing enterprises, there is a big difference, market segmentation and product technology and Shanghai Industrial Co., Ltd. is located in St. Lanna automotive lighting and automotive electronics industry, with the strategic goal of domestic companies transfer, is expected in the future can be given in St. Lanna technology development, market development and other aspects of support will not meet the required St. Lanna company development, the synergies between the two will become increasingly low. To focus on the advantages of resources to the wisdom and wisdom of city lighting field, the company intends to St. Lanna 100% equity transfer to the controlling shareholder of Shanghai instrument electronics (Group) Co., ltd..

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