M.L.S.: issued to raise funds to invest in LED shares to buy assets, and the filament lamp......

The day before, Linsen the convening of the third session of the sixteenth meeting of the board for consideration by the seventeen bill. One is on the issue of shares and payment of cash to buy assets and raise matching funds program motion.

The company said the issuance of shares and payment of cash combination, investment to harmonious core and Zhuo Ming Rui to buy the underlying 100% stake in the company (hereinafter referred to as "the issuance of shares and payment of cash to buy assets"). At the same time, the company intends to not more than 10 specific investors, non-public offering to raise matching funds (hereinafter referred to as "the raise matching funds"), the raise matching funds does not exceed the total amount of 1 billion 255 million yuan, 100% to raise matching funds does not exceed the trading price of the assets to be purchased, and the number of shares issued does not exceed the total issued before the Rawlinson equity of 20%.

The ownership structure

According to the announcement, the company to issue shares and to pay a combination of cash acquired 100% stake in the target company. Our cash payment transactions on the price of 31.35% core photoelectric, a total of 1 billion 254 million yuan; the issue of shares to pay 68.65% of the transaction price of photoelectric mingsum, a total of 2 billion 746 million yuan. In addition, the transaction intends to not more than 10 specific investors in non-public offering of shares to raise matching funds of not more than 1 billion 255 million yuan, for Yiwu LED lighting applications project and the payment of this restructuring related costs. This time to raise matching funds of not more than 1 billion 180 million yuan will be used for Yiwu LED lighting applications project, is expected to not more than 75 million yuan for the reorganization of the related payment.

Data shows, this project aims to create a new LED filament lamp production base in Zhejiang Yiwu Industrial Park, the project design capacity of 229 million 170 thousand, the total investment amounted to 1 billion 286 million 862 thousand and 100 yuan. The equity investment projects need land, workshop, warehouse, staff will be through the target company to listed companies in the form of a lease, the subject of the company will be responsible for the corresponding building decoration and supporting engineering cost, construction decoration and supporting project is expected to cost a total of 198 million 32 thousand yuan. Production equipment, auxiliary equipment and tooling purchase and installation of 932 million 586 thousand yuan, the construction period of rent 30 million 409 thousand and 900 yuan, reserve 11 million 306 thousand and 200 yuan, floating capital 114 million 528 thousand yuan. The project construction period is 12 months, the calculation period of 9 years, the operation period of 8 years. After the completion of the project production capacity gradually improved, put into operation after two years of production, third years of production, the yield is 96%.

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