LED glue industry is whole and tide, Yee technology intends to acquire 220 million oupute

Dongguan Yian science and technology 10 announcement, the company intends to use its own funds 220 million acquisition of Shenzhen oupute August Technology Ltd 100% stake. After the completion of this transaction, oupute became a wholly owned subsidiary of Yee technology.

Oupute was founded in 2006, is a professional engaged in silicone new materials research and development, production, sales and service of enterprises, companies in the LED display, lighting, power supply, communications and other fields have customer resources (such as qianglijucai, photoelectric, Siu Chi shares, leedarson, visual light, Reed, Xu Scud, intelligent energy Albert etc.), the company's main products include RTV one component adhesive, silicone rubber, rubber, silicone potting condensation type, thermal grease, anti-corrosion coating glue.

According to the announcement, the consolidated income oupute method to assess the value of all shareholders' equity 221 million 155 thousand and 700 yuan (Capital: RMB Eryier thousand hundred one hundred yuan, Wu Wu Qian million Jin Chi PAI) compared with the carrying amount of consolidated net assets to assess the value of 183 million 553 thousand and 600 yuan, value-added rate of 488.15%, compared with the single report book net assets to assess the value of 183 million 542 thousand and 600 yuan, value-added rate of 487.98%.

Data show that Opt 2016 revenue of less than 100 million yuan, net profit of $10 million 159 thousand and 700.

Yee technology is a professional engaged in new materials research and development, design, production, sales as one of the national high-tech enterprises, products include consumer electronics, new energy automotive parts, high-end LED curtain wall, liquid metal products and mould etc..

Yi an Technology previously released results letters, the company achieved operating income of 563 million yuan in 2016, an increase of $1.36%, attributable to shareholders of listed companies net profit of $38 million 139 thousand and 300, down by 29.07%.

Notice that the oupute and Yee technology in LED display, consumer electronics and so customers have strong relevance and complementarity. Yee technology the successful acquisition of the entire equity oupute, is conducive to the integration of the original oupute LED display, consumer electronics and so should develop customer resources, shorten the security technology related products market, quickly enter the oupute original customer base.

Yee technology and Opt have a competitive advantage in their respective fields, after the completion of the acquisition, the two sides will integrate many LED display, consumer electronics and so on customer resources, further expand the company's large LED wall and consumer electronic products market. Opt will also further determine the company's leading position in the LED glue industry.

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