Expand distribution channels, NVC intends to 315 million acquisition of 40% stake in Hongkong core light blue

Today morning, NVC (hereinafter referred to as "the company") announced that the company in March 16, 2018 with the Hongkong Luo Man International Co. Ltd. entered into a sale and purchase agreement, accordingly, the company will acquire Hongkong blue core light trading Co., Ltd. 40% of the equity value of 315 million yuan.

According to the announcement, at the date of this announcement, Hongkong blue light core trade indirectly holds 85% stake in Wuhu NVC, but the company indirectly holds 10% stake in Wuhu nvc. After delivery, the company will hold Hongkong blue light core trade 40% stake, and indirectly holds a total of 44% stake in Wuhu nvc.

It is reported that the main business activities of Roman Hongkong International Limited, including trade and investment lamps, lighting accessories, LED lighting products. Hongkong Blue Light Trading Co. Ltd. core business activities include investment holding, lighting, LED, home appliance design and development, promotion, technology consulting and international trade. In addition, Wuhu NVC registered in the mainland, is indirect Affiliated Companies Hongkong blue core light trading Co. ltd.. The main business of Wuhu NVC and Affiliated Companies through electronic commerce platform and distribution channel sales and distribution of lighting products.

NVC said that in the past two years, as part of the metal raw materials, components and labor costs continue to rise, lighting products manufacturing enterprises profit is due to compression. In order to enhance the core competitiveness and achieve sustainable development, in 2018 developed a gradual transition from manufacturing enterprises to channel enterprise strategy.

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