In the end the planned acquisition of Nanjing and Changzhou joint equity issues in Hong Kong

Ledone August 1st evening announcement, the company after careful consideration, decided to terminate planning a major asset reorganization had intended to use cash acquisition of Nanjing Hong Kong power Limited by Share Ltd all equity and Changzhou Chuanglian power supply of the entire equity Polytron Technologies Inc. It is reported that this restructuring involves Nanjing Hong Kong Electric Limited by Share Ltd is a domestic advanced technology of new energy automobile production of core components suppliers, Changzhou Chuanglian power supply Polytron Technologies Inc is a LED display R & D, production and sales of power supply enterprises.

Ledone said, in this regard, since from this major asset restructuring, the company and the restructuring of the parties to actively promote the progress of the project. But because of the restructuring related parties interests are not the same, the company and the Changzhou Chuanglian power Polytron Technologies Inc transactions not part of the core to reach agreement, the two sides signed the "termination agreement". Nanjing electric power company and the Hong Kong and Limited by Share Ltd signed a "book" and "Cooperation Framework Agreement" and the acquisition of shares, communication, negotiation and further proves that the acquisition of the specific content of the program, so this acquisition there is still some uncertainty.

Company said, at present, in the operating condition, the normal operation of the termination of planning a major reorganization of assets will not affect the company's. The company will continue to improve the company's development strategy on the basis of the existing main business, and actively take various channels of measures to find new profit growth points and industry development opportunities, and enhance the company's core competitiveness.

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