Konka to be listed on the transfer of the equity enraytek Optoelectronics

Today (23) morning, Konka Group Limited by Share Ltd announced that the company intends to hold enraytek optoelectronics company 22.935% of the equity in state-owned property exchange publicly listed on the transfer. Evaluate the listing price of not less than the value of the asset appraisal firm, if the equity transfer listed when two or more buyers are willing to participate in the bidding, according to the principle of determining the transaction price.

It is understood that enraytek Optoelectronics Technology (Shanghai) Co., Ltd. for Konka Group shares of the company, the main business of LED and related industry chain design, R & D and manufacturing, Konka Group Limited by Share Ltd accounted for 22.935% stake, the largest shareholder.

As of December 31, 2016, the carrying value of enraytek optoelectronics company 22.935% stake of 58 million 40 thousand yuan (Unaudited), the final transaction price and the counterparty should be determined according to the bidding results. Listing after the completion of the transfer, the company will no longer hold enraytek optoelectronics company.

Konka Group said, the equity transfer of listing enraytek optoelectronics company is mainly for the optimization of asset allocation, the recovery of funds, to enhance the liquidity of assets, improve the overall effectiveness of the company, the move and fit the company to develop the main business development strategy.

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