HC semitek 1 billion 650 million yuan acquisition project, today for the resumption of the review

Yesterday (16) evening, HC semitek announcement that the company for a major asset reorganization in July this year to suspend resume review, continue to promote the issuance of shares to buy assets audit.

Data show that the company intends to issue shares to buy assets to NSL, the harmonious core light to purchase its holdings of the target company harmonious photoelectric 100% stake, while HC semitek intends to not more than 5 specific investors to raise matching funds to meet the conditions of the inquiry, the issue of shares to buy assets issued shares price of 6.95 yuan / share the company in May 17, 2017, the implementation of the 2016 annual dividend for every 10 shares 0.500000 yuan in cash, to buy the asset price adjusted to 6.90 yuan / share issue shares. The total funds raised not more than 200 million yuan. Raise matching funds does not affect the success of the implementation of the purchase of assets through issuing shares.

To December 31, 2016 as the base, the assessment of the underlying asset value of 1 billion 719 million 231 thousand and 400 yuan, the subject of the company itself is not harmonious photoelectric actual business, the main assets held by the Hongkong subsidiary of Target Corp MEMSIC 100% stake. The transaction amount of the transaction was 1 billion 650 million yuan. In addition, the raise matching funds for the subject of the company equity investment projects, involving high precision single chip gyroscope project and uncooled infrared imaging sensor project.

According to the announcement, the major asset restructuring behavior of the transaction does not constitute provisions of China SFC listed companies. But the transaction involving the issue of shares to buy assets, the Chinese SFC mergers and acquisitions Committee, made Chinese Commission approval before implementation.

HC semitek said, this transaction allows the company to further expand the integrated circuit industry in the field of business diversification, extension development, help the company to achieve the relevant business, the company will be the world's leading MEMS research and development of production capacity, product development and sales of MEMS technology will become an important part of the company's main business, and strengthen the company in consumer electronics and automotive electronics and other areas of strategic layout.

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