Return to the capital of the layout of the main industry, FSL three investment

July 19th evening, FSL continuous disclosure of three investment announcements. Including the proposed acquisition of shares in the South and the company intends to acquire shares of the company and the establishment of a joint venture to build a major electrical products business. In a large amount of foreign investment, while the company also disclosed a reduction plan, intends to reduce the holding of the national hi tech stocks held in order to return the funds, focusing on the main industry.

South Korea and the acquisition of the company to share gains

The company intends to 180 million yuan acquisition of Shenzhen Co., Ltd., a limited liability company held by the South Communications Industry Co., Ltd. (hereinafter referred to as the South and the company) of the shares of 32.85%. Because Guangdong Province Electronic Information Industry Group Co. Ltd (hereinafter referred to as the "group") is the controlling shareholder of FSL, and is the largest shareholder of the South and the company, the company acquired 100 Accor limited held south and 32.85% of the shares of the company is completed, will form a relation between joint investment and electronic group in the South and the company.

According to reports, the South and the company was founded in December 1983, the registered capital of 63 million 330 thousand yuan, and belongs to the production and operation of electronic products, communication products, plastic products, mold products, radio transmitting equipment, mobile phone (mobile phone), LED lighting products; Longgang District, South Bay Street cloth road owned plant and ancillary dormitory No. 100 rental business.

It should be noted that the South and the company is located in the town of Shenzhen Longgang District industrial area covers an area of 49009.8 square meters, land use for industrial land. January 2013, the South and the company signed a cooperation agreement with the Cheonan Digital City, the two sides agreed to jointly develop the South and the company's industrial zone in Shenzhen urban renewal projects. According to the "agreement cooperation agreement", the Shenzhen industrial area involved in the project land and buildings on the ground (with real estate license construction area of 57447 square meters and temporary building area of 6522 square meters) of city renewal, updated for the new direction of the industry and other functions.

For this urban renewal project, South and the company does not need to invest any money. After the completion of the construction area, accelerated property real estate license held by the relocation of the property total construction area of 57447 square meters, according to a ratio of one point two (1:1.2) the proportion of property compensation accelerated a total construction area of 68936.4 square meters, building a total construction area of 6522 square meters, according to a ratio of zero point eight (1:0.8) the proportion of property compensation accelerated a total construction area of 5217.6 the total property, accelerated construction area of 74154 square meters. At the same time, the "cooperation agreement" also agreed that if the city renewal volume special planning projects finalized at the rate of the project land area of 49009.8 square meters accounting for 4 or more, in addition to the agreed property should be accelerated, beyond the volume rate of more than 4 (excluding 4) issued to the South and company compensation in twenty percent (20%) the movements of the property.

According to reports, the city renewal projects have been included in the 2016 Shenzhen city urban renewal unit plan the first plan, and approved by the Shenzhen municipal government; at the same time, the project has been approved by Shenzhen city in 2016 major projects. At present, the city has been submitted to the relevant government departments of the Shenzhen special project planning approval. FSL pointed out that after the completion of the project renovation, the return of the property is expected to move. Through the acquisition of shares of the company and South Korea, you can share the benefits of the Shenzhen industrial park after the renovation of the city to increase revenue sources.

Joint venture to set up electrical products enterprises

In addition, the company invested 25 million 500 thousand yuan, and the other person (or persons) jointly funded the establishment of "fozhao electrician Intelligent Control Technology Co. Ltd. (hereinafter referred to as" fozhao electrician "), the main business is the development, production and sales of electrical sockets, switches, switches and other electrical products, registered capital of 50 million yuan, accounting for the company 51% stake in the joint venture; management and key employees of the joint venture company invested 8 million 500 thousand yuan, accounting for 17% stake in the joint venture; the production end of strategic investors invested 10 million yuan, accounting for 20% stake in the joint venture sales end; strategic investors invested 6 million yuan, accounting for 12% stake in the joint venture. The parties are funded in cash.

FSL pointed out that electrical products and lighting products have a certain relevance, especially high overlap in product sales channels, the company after years of development, has formed a marketing network covering the layout of the country, has the obvious advantage of channel. With the help of the company's sales channels, brand awareness and rich management experience, it can provide effective protection for the electrical products to enter the market. The company through a joint venture with the company's management and key employees, production and sales of strategic investors with investment in the establishment of a subsidiary, can fully mobilize the enthusiasm of all parties, the parties share the risk and share investment, promote the rapid development of electrical products business into the track.

Third of the company's investment is a subsidiary of repurchase shares. To integrate the internal resources of the company, to strengthen the management and resource utilization of Zen Chang company, FSL intends to acquire Chang Chang lighting equipment Co., Ltd. holds 30% of the shares of Zen chang. According to reports, Zen Chang company is established in 2005 investment in the joint venture company, the registered capital of 72 million 782 thousand and 900 yuan, accounted for 70% of the shares, Youchang lighting equipment Co., Ltd. accounted for 30% of the shares, after the acquisition, the company will be a wholly owned holding company Zen chang.

Intended to reduce the national hi tech 4.17%

At the same time, FSL also disclosed a reduction plan: according to the company's own development needs, bigger and stronger company's main business, optimize the asset structure, lock the investment income, to meet the company's hair