China can "1 yuan" to buy a company, how to return a responsibility?

HC semitek March 18th issued "on the acquisition of Yiwu Rui Jing Photoelectric Technology Co., Ltd. 100% stake" announcement that the company acquired Yiwu Jing Rui Photoelectric Technology Co. Ltd. all equity matters (the "acquisition") is the second session of the board of directors for consideration by the twenty-second meeting.

For the establishment of item company in Zhejiang Yiwu, Zhejiang Yiwu investment project started as soon as possible in the demonstration and construction planning, intends to cash a wholly owned acquisition of Yiwu Rui Jing Photoelectric Technology Co. Ltd. (hereinafter referred to as "the subject of the company", the subject of the transaction "," Jing Rui photoelectric "). In March 17, 2016, the company and Zhou Jian, Lou Lei Fang (hereinafter collectively referred to as "all counterparties") signed the "equity transfer agreement", all of the acquisition of shares in the company held by the counterparty Yiwu Rui Jing Photoelectric Technology Co. ltd.. After friendly consultations, the two sides agreed to the above equity transaction price of one yuan.

According to announcements, Rui Jing photoelectric business scope includes photoelectric technology product development and technology transfer; electromechanical equipment R & D, sales: energy-saving lamps, LED lamps, silicon, electronic accessories sales; the import and export of goods and technology import and export (in accordance with the law shall be subject to the approval of the project, approved by the relevant departments before carrying out business activities). Jing Rui photoelectric since the establishment of small scale, the financial statements as of December 31, 2015, Yiwu Rui Jing as of December 31, 2015 the total assets of 461225 yuan, which accounts receivable 460000 yuan, 1225 yuan currency funds; total liabilities of 782383.45 yuan, which accounts payable 400000 yuan, 21043.45 yuan of taxes payable, other payables 361340 yuan net; the asset is -321158.45 yuan. 2015 annual operating income of 446601.94 yuan, net profit of -321158.45 yuan.

Notice that the certified public accountant audit certification deadline is December 31, 2015, after the transfer agreement takes effect, will be the transferee (Hua Guang photoelectric) to assume the debt until the end of December 31, 2015. The transferor (Zhou Jian, Lou Leifang) promised to be responsible for the collection of receivables, and promised that if the target company in 2016 1 January to complete the new debt equity transfer business change of the registration date, by Zhou Jian, Lou Lei Fang assume debts the new.

HC semitek said, this acquisition is based on the company's strategic planning and the current development trend of the subject, the small size of the company, the acquisition of the amount is low, is helpful for the rapid development of the future, in line with the company's future development strategy. The acquisition of the target company is the only one required to carry out the initial work of the Yiwu project, Yiwu project investment, construction content and profit prediction feasibility analysis and the proof needed by the management of the company to submit a report to the board of directors, by the board of directors, the shareholders meeting, then according to the project needs further change, Zhejiang subsidiary of capital.

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