NVC has a "big" to start the 500 million acquisition

Yesterday (4) day, NVC Holdings Limited (hereinafter referred to as the "company") announced that on February 3, 2016, an equity transfer agreement, the company wholly owned Affiliated Companies Hongkong NVC with the transferor and gold investment limited. According to the equity transfer agreement, Hongkong agreed to the acquisition and transfer of NVC, agreed to sell a 75% stake in the Target Corp. From the date of this announcement (4 days), Zhongshan NVC Affiliated Companies is the company, the company holds 50% stake in Zhongshan NVC, the Target Corp held a series of new generation LED semiconductor technology international patents and another 50% stake in Zhongshan nvc. The consideration of the acquisition is tentatively set at RMB 500000000 yuan. The price will be the date of completion of the acquisition by the Hongkong NVC to transfer payment of RMB 480000000 yuan, and pay the balance to receive Zhongshan NVC 2015 audited net profit after tax after. After the completion of the acquisition, the company will hold 75% stake in Target Corp.

The completion of the acquisition is expected to take place on five working days after the completion of all the prerequisites, not later than January 30, 2017 or any other date agreed upon by the parties.

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