Poly Fei denounced 90 million purchase of 51% stake in telecom operators

Poly fly Optoelectronics (300303) today (23) announcement, intends to use its own funds to acquire LiveCom Limited $51% stake in the transaction, after the completion of the transaction LiveCom Limited will become a subsidiary of the company.

It is reported that, LiveCom Limited China Hongkong region SBO Telecom license. As of December 31, 2014, LiveCom Limited total assets of HK $110 million, turnover of HK $150 million, the total income of HK $15 million 350 thousand. LiveCom Limited as an international information integration service provider, the main business includes international basic network services, enterprise ICT application services and Chinese TV content services three categories. Mainly for domestic enterprises "going out", the organization and government and other cross-border institutions provide the necessary operating overseas one-stop communications, enterprise informatization and TV content services, is the national "The Belt and Road" development strategy of the active practitioner.

Public information, R & D, poly fly optoelectronics professional SMD LED device production and sales, the main products for the LED backlight device, lighting device and LED lamp products, the products accounted for two of the company's main business income of more than 90%. Poly fly photoelectric face the increasingly fierce competition in the domestic market environment, on the one hand, actively implement the international strategy, such as the beginning of the year and TOYOTA to achieve a strategic cooperation in supply chain, access to its white LED patent license. On the other hand, in order to cope with the internationalization of the acquisition of LiveCom Limited 51% equity is also trying to carry out the diversification of emerging industries in the field, to cultivate new profit growth point of the important exploration.

Jufei said the reason about the takeover of LiveCom Limited, not only taking into account its geographical advantages, has a strong ability to integrate resources, business development and operating in good condition and other advantages, is also considered in accordance with the national "The Belt and Road" development strategy, with good market prospects.

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