Hon Hai hit tens of billions of interactive whiteboard!

Hon Hai actively expand new business, yesterday (26) announcement, proposed by the Singapore subsidiary and strategic investors to $4.5 per share, $100% acquisition of interactive whiteboard SMART TechnologiesInc. (Electronic) equity.

SMT in the NASDAQ and Toronto dual listing, with its outstanding shares more than 120 million shares of the conversion, and strategy partner Hon Hai will spend more than $548 million (more than NT $17 billion 800 million) acquisition of SMT. Hon Hai said the acquisition of the group will be diversified layout, the development of new business, bringing new growth momentum. Hon Hai is responsible for the acquisition of the company for Foxconn Singapore Pte.Ltd.

Market analysis, this acquisition echoes the Hon Hai chairman Terry Gou mentioned earlier, the group "walk" achieve soft and hard to integrate, in the "Internet plus eight life", integration of intelligence data so that users can get a better job, education, entertainment, family and social, safety, health and medical, property transactions, procurement quality environmental protection and transportation and other living architecture. SMT last year due to poor operating management at a loss yesterday, the price per share fell to $4.4 yesterday, down more than 10.3%, intraday rally to $4.49, Hon Hai and strategic partners close to the market price of the acquisition.

Hon Hai pointed out that SMT is expected to be in July after the shareholders agreed to the acquisition, two months to complete the acquisition. Completion of the acquisition in the future, its Foxconn Singapore Pte.Ltd. will hold approximately 66.67% equity interest in SMT; strategic investors will hold approximately SMT of the shares of approximately 33.33%. Hon Hai stressed that the relevant progress and details will be made in accordance with the provisions of the notice.

SMT staff of nearly 800 people, is an innovative interactive touch technology and software companies, but also the world's leading electronic interactive whiteboard, mainly through the distribution of electronic whiteboard sales to education and corporate customers.

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