Quasi 180 million! FSL acquisition of 32.85% stake in South and industrial

April 7th, South and mobile announced that FSL to 180 million yuan to buy 100% of the company held by the South and industrial equity interest in the company of $32.85%.

Announcements, FSL with its own funds 180 million yuan by way of cash to buy the company held by the South and industrial holdings of equity of, FSL listed companies for the Shenzhen stock exchange. After the completion of the acquisition of equity, FSL holds 32.85% stake in South and industrial. In addition, FSL's concerted action Electronics Group holds 34.30% stake in South and industrial.

After the acquisition, FSL Electronics Group and the actual control of the actual control of the company and the South rising industrial 67.15% stake in the South and the industry has become the actual controller. South and South Korea holds 60% stake in industrial and mobile, as the controlling shareholder of South and mobile. After the completion of this transaction, the company rising through indirect holdings to become the actual controller and moving south.

FSL through the acquisition of shares in the South and the industry, you can share the benefits of the South and industrial Shenzhen industrial park after the renovation of the city to increase its revenue sources. Public information, FSL's main business for the production and operation of various types of electric light source and its supporting lamps and other products.

It is worth mentioning that, according to the consideration of the acquisition, after the completion of the acquisition, the valuation of the South and mobile will reach 913 million yuan. The company is still in suspension. Is expected to resume the transfer time is May 19, 2017.

Read the new three board research center data show that the South and moving in August 17, 2016 listed three new board, the main business for electronic products, digital products, communications products R & D, production and sales. In the first half of 2016, South and mobile revenues of 40 million 825 thousand and 200 yuan, an increase of 21%, net profit of $10 million 50 thousand, an increase of 14.8%. Risk prompt.

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