Has been in bankruptcy procedure a benchmark company intends to acquire 40 million LSD

LSD announced that intends to 40 million acquisition has entered the court bankruptcy reorganization of Zhejiang Zhongzhou Au Optronics Co. Improve the intelligent light control system industry chain, the layout of the whole industry chain of the Internet of things system will be a great advance.

Lilda said that in July 18th the company and the Zhejiang central Au Optronics Co executives signed a consensus on the restructuring investment agreement.

According to the announcement, Zhongzhou photoelectric is the enterprise bankruptcy reorganization of Hangzhou City Intermediate People's court ruling, the company before the LED filament industry recognized benchmark enterprise, technology, production process of LED filament product leader, because now the problem which the company can not operate normally in the introduction of external investment institutions in the process of enter the court bankruptcy reorganization.

Lilda said, according to its own development strategy, Lilda Technology Group Limited by Share Ltd intends as reforming investors to buy the debtor, the proposed transferee 100% stake in shares held by existing shareholders of the debtor, to pay for the price of 40 million yuan. After the completion of the reorganization, LED filament intelligent lamp control system and the LSD Zhongzhou of the development, production and sales of industrial merge into lierda intelligent lighting control system in the universe LED filament lamp technology, intelligent lamp control system complete industry chain, quick start intelligent LED lighting control market. The layout of the whole industry chain of the Internet of things system will be greatly promoted, and led to the transformation and upgrading of the traditional LED lamp market.

LSD also said that the investment is in line with the long-term strategic development direction of the company and the interests of all shareholders. The company will promote the further development of intelligent LED filament lamp market and intelligent lighting control system market, and quickly improve the company of Intelligent Park, Smart Hotel, intelligent Home Furnishing full industry chain development, for the company to follow the market will bring to enhance the performance of promoting role.

Statistics show that in 2004, the establishment of the central photoelectric officer, starting from a small packaging enterprises, and now, the universe has grown into one of the largest LED manufacturing companies in East china. R & D strength is very strong, in 2011 the company's ZL-SSL-SL05 high reliability road lighting LED light source integrated module is listed as the national key products. The key technology research of high efficiency white light LED industrialization in 2008 was selected in the National 863 plan.

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