Chau Ming technology overseas over 300 million U.S. dollars to terminate the reorganization project

Shenzhen Chau Ming Polytron Technologies Inc before planning for major events, to apply to the Shenzhen stock exchange, the company stock on July 3, 2015 opening date of suspension. The announcement on July 14th, the company's shares will resume trading since opening on July 15, 2015.

Notice of the resumption of the announcement, due to the suspension period, the company's organization for the Target Corp to conduct a careful investigation and communication, and organize the general manager of the office of the meeting on the subject of investment analysis. That, due to the Target Corp for overseas enterprises, and to assess the value of the investment process is relatively complex, and both companies in the integration process will inevitably produce a variety of risk factors such as transnational cultural differences, the administrative approval process cumbersome and unforeseen will affect both synergies.

In view of the above reasons, after careful consideration, the company continued to promote the matter that conditions are not ripe, in order to reduce business risk and cost, starting from the protection of the interests of all shareholders, the company decided to terminate the expected investment of more than $300 million of overseas project planning matters. According to relevant regulations, the company promises no longer planning a major reorganization of assets within three months from the date of this announcement.

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