OPPLE lighting: 300 million yuan stake sale to end, to the regional headquarters of 25.8 Bay Area billion to build

After more than a year to promote the sale of Shanghai, OPPLE lighting chanlon Lighting Co. Ltd. (hereinafter referred to as "chanlon lighting") equity issues eventually stalled.

Yesterday (5) evening, OPPLE lighting announcement said, because the company has yet to find a suitable counterparty, the board of directors of the company decided to terminate the sale of 100% stake in chanlon lighting.

According to the bill passed in April 14, 2017, the company to further carding and integration of the company's core business, long-term stable development of the company, decided to sell a wholly owned subsidiary of chanlon lighting 100% equity transfer price is expected to be less than 300 million yuan, the transfer of shares is expected to total yield is expected to be no higher than 200 million yuan.

Although the equity transfer is terminated, there is no damage to the company and the interests of small shareholders, will not affect the company's financial status, business and operation. OPPLE lighting said, as of now, the company has not signed any of the equity transfer agreement, the termination of the equity transfer transactions will not cause the company to bear any legal responsibility, will not affect the development strategy, production and operation of the company, nor to the company and shareholders' equity of the current profit and loss Big impact.

The same evening, OPPLE lighting also released another announcement, the company intends to own funds and are expected to total about 2 billion 580 million yuan, according to the actual progress of the project investment and construction stage of Hong Kong and Macao regional headquarters in the Greater Bay area projects, including manufacturing, warehousing, R & D and other functions.

According to the announcement, the project is located in Guangdong town of Zhongshan City, covers an area of about 450 acres, is expected construction period is about six years. OPPLE lighting will set up a item company, responsible for the implementation of investment projects.

OPPLE lighting, OPPLE lighting investment in the construction of Hong Kong and Macao Bay Area Regional Headquarters project, will help the company to achieve the strategic goal of "becoming the leading domestic and international first-class lighting system and integrated Home Furnishing integrated solution provider". Through the implementation of the project, can help the company continue to build industry leading intelligent manufacturing capabilities, expand the company in the field of lighting, Home Furnishing integrated competitive advantage; the company production capacity is relatively saturated, so the company plan ahead for the next 3-5 years the layout of production capacity, is to lay the foundation for the expansion of the scale of the property company; Stable and good condition, the foreign investment funds from its own funds and bank loans, according to the specific needs of the project investment stage, not on the company's main business, the continued viability and asset status adversely affected.

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