Huacan intends to issue shares and cash acquisition of 100% stake in Aquamarine

HC semitek 11 evening announcement, the company intends to combine through the issuance of shares and cash to the acquisition to all shareholders 100% stake in science and technology science and technology Aquamarine aquamarine. Aquamarine technology 100% stake in the transaction of the initial price of 1 billion 80 million yuan, HC semitek counterparty intends to Wu Kang, Wu Longju, Wu Longyu and Liu Qionghua issued 56995847 shares (564828865.98 yuan) shares 50730000 shares held by the acquisition of aquamarine technology four (52.30% stake); to the counterparty to pay 154212865.98 yuan in cash to acquire Hengda steel it holds 13850600 shares of aquamarine technology company (14.28% stake); to the counterparty KAI LE issued 36423639 shares (360958268.04 yuan) acquisition of its holdings of 32419400 shares of blue crystal technology company (33.42% stake).

HC semitek total purchase of assets from the issue of shares and cash payment to the counterparty shares 93419486 shares, a cash payment of 154212865.98 yuan. After the completion of this transaction, HC semitek langene will hold 100% stake in science and technology.

Aquamarine technology the predecessor of Yuxi city of Yunnan province langene technology limited liability company Wu Kang, Wu Longyu, Wu Longju, Wu Sheng, Wu Jia, Wu Yu established a joint venture, the main business of sapphire crystal, crystal and other sapphire crystal materials product development, production and sales, which belongs to the LED industry upstream industry. Announcements, aquamarine technology 2014 annual main business (2 inches and 4 inches of substrate, substrate, window film, LED lights, other products and semi-finished products) income of about 187 million yuan, the main business of the 2014 annual gross margin of 32.56%.

After the completion of this transaction, the company and the formation of aquamarine technology complement each other in business forms will be, but also to integrate sharing in customer resources, can comprehensively utilize their existing customer channels and business resources, extend customer penetration and industry chain, to expand the overall size of the business, improve the profitability of listed companies.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).