NVC intends to not more than 110 million yuan to buy Elec-Tech stock

De Ho Runda June 12th evening announcement, notice to the company in June 12, 2017 received shares of the company NVC, NVC recently convened by the board of directors to buy de Ho Runda's shares before the resolution authorized NVC and its Affiliated Companies since the approval of the board of directors until the date of December 31, 2017, with a total amount of not more than 110 million yuan to 5.45 yuan, not higher than the share price to buy de Ho Runda listed on the Shenzhen stock exchange A shares.

Hypothesis to buy 5.45 yuan per share Elec-Tech stock, is expected to buy the number of shares Elec-Tech will be approximately 20183486 shares, accounting for 1.45% of the total shares of china. NVC's board of directors said the purchase of shares is based on the optimistic expectations Elec-Tech LED market and Elec-Tech future operations, its purpose is to strengthen the strategic partnership between the two sides, bring a reasonable return on investment for NVC.

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