LED lamps factory Dongguan Acbel intends to absorb the merger of Dongguan Kang magnetic

Apple Daily News Kang Shusun, Acbel Electronics (Dongguan) to be merged with the Dongguan Kang magnetic electronic, after the merger, Acbel Electronics (Dongguan) for the existence of the company, and Dongguan Kang for magnetic electronic merged company, with benchmark is tentatively scheduled for December 31st.

Acbel said, Polytech Inc., Holdings subsidiary of AcBel AcBel Polytech (Singapore) 2 sun company, Acbel electronics Pte owned by Ltd (Dongguan) merged with Dongguan Kang magnetic Electronics will, because before the merger, the 2 sun company is a subsidiary of 100% held by the company, and therefore, does not affect the shareholders rights and interests.

Acbel further pointed out that Acbel Electronics (Dongguan) is the main business in the production and sales of electronic products, LED lighting, communication power supply, power supply, power supply system, power rectifier, Dongguan Kang magnetic electronic main business is engaged in the production and sales of transformers, power supply, wire and other products wholesale and import and export business.

After the merger, will achieve the integration of the overall resources, improve operational performance and other purposes, is expected to give full play to the combined effect of mergers and acquisitions, the net earnings per share and earnings per share to improve.

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