Hua Guang photoelectric suspension of 1 billion 650 million yuan to buy a harmonious photoelectric, will be another option to start

Yesterday (31) evening, HC semitek announcement, the company decided to Chinese SFC for the suspension of the issue of shares to buy harmonious core optical (Yiwu) Photoelectric Technology Co. Ltd. (hereinafter referred to as "the subject of the company" and "") equity audit.

Announcements, HC semitek intends to issue shares to buy assets to New Limited, Sure Yiwu harmonious core light equity investment partnership (limited partnership) to purchase its holdings of harmonious photoelectric 100% stake, while HC semitek intends to not more than 5 qualified specific investors to raise matching funds by way of inquiry, the purchase of assets through issuing shares 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 0.5 yuan in cash, to buy the asset price adjusted to 6.90 yuan / share issue shares. The total amount of funds raised shall not exceed 200 million yuan. The success of raising matching funds does not affect the implementation of the issue of shares to buy assets.

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 in Inc. With reference to the evaluation of the 100% equity interest of the above mentioned company, the transaction value of the transaction is 1 billion 650 million yuan after friendly consultations between the parties involved in the transaction.

As of now, part of the financial data of the period of validity of the issuance of shares to buy assets in the application documents have expired, the company and the target company required supplementary audit. At present, the company, the target company and audit institutions are taking the time to carry out relevant audit work. In order to effectively safeguard the interests of all shareholders, to better protect the interests of small shareholders, the company in July 29, 2017 held the third session of the third meeting of the board of directors approved "on the suspension of a major asset reorganization of the motion", the parties through careful research, and with the parties by consensus, the company decided to suspend the issuance of shares to buy assets audit the suspension of the audit, and submit the application documents to the CSRC China. When conditions are ripe, choose the machine to start.

HC semitek said the issuance of shares to buy assets to suspend the audit, have a significant adverse impact on the company's production and operation activities will not. Although the company at this stage for the suspension of the issuance of shares to buy assets of the audit, but the company will continue to promote the related work of the transaction, to implement related matters, the company will timely apply for restoration of the administrative license application review.

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