OPPLE lighting sub intends to sell 100% stake in the company, the sale price is not higher than 300 million

Yesterday (17) evening announcement, OPPLE lighting, for further carding and integration of the company's core business, long-term stable development of the company, the company intends to sell a wholly owned subsidiary of Shanghai chanlon Lighting Co. Ltd. (hereinafter referred to as "chanlon lighting") 100% stake. The other side of the transaction has not yet been determined, intends to sell price is expected to be less than 300 million yuan, the assessment mechanism of specific equity transfer price with the securities and futures business qualifications etc. based on the results, and further consultation by the parties to the transaction, the transfer of the shares is expected to total yield is expected to be no higher than 200 million yuan.

According to the announcement, OPPLE lighting lighting chanlon wholly-owned subsidiaries, its business scope includes: lighting appliances, electrical switch sales, installation services, design of lighting system, lighting technology development in the field, engaged in goods and technology import and export business, the third party logistics services, warehousing (except dangerous goods). Cargo handling services. As of December 31, 2016, total assets of chanlon lighting for 98 million 612 thousand and 300 yuan, net assets of 94 million 987 thousand and 800 yuan, in 2016 operating income was 74 million 818 thousand and 200 yuan, net profit of 4 million 774 thousand and 900 yuan.

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