Ruifeng photoelectric intends to purchase 200 million Ling Tao photoelectric 85% stake

REFOND September 27th evening announcement, the company intends to combine the issuance of shares and cash, buy Wang Weiquan, Peng Xiaoling holds a total of Shenzhen yega Technology Co., Ltd. 85% stake, and intends to actual control of Wei Bin, TCL, Gong Wen's investment, Haitong will increase 2 non-public oriented asset management plan "the issue of shares to raise matching funds, in addition to pay cash for the transaction price and the transaction cost, to raise the remaining funds used to supplement the company's liquidity.

Ling Tao photoelectric 100% stake in the total assessed value of $237 million 647 thousand and 800, the appreciation rate of 192.48%. Ling Tao photoelectric 85% equity value of $202 million and 600, after friendly consultations by the parties to the transaction, to determine the transaction price of the underlying assets of $200 million. Among them, the value of the shares accounted for 53% of the total transaction price, that is, the equity consideration of $106 million, according to the issue price of shares of $9.08 / share calculation, the total need to issue 11 million 674 thousand shares. Raise matching funds 200 million yuan, according to the estimated $9.08 / share, the company needs to issue no more than 22 million 26 thousand and 400 shares.

Ling Tao photoelectric shareholder commitment, the company's 2015 performance of not less than 27 million yuan, in 2016 the performance of not less than $three, from 2015 to 2017, the total amount of not less than 90 million yuan.

Ruifeng photoelectric and the company's leading companies are all belong to the LED packaging industry. Through this transaction, REFOND will consolidate and strengthen the status of the field in the LED backlight; technical personnel of both sides can share through learning, cooperative development, cross domain integration, to further improve product performance, accelerate product upgrading, enhance competitive advantage; the listed company will be deep integration in technology, market, financial management, etc.; after the completion of this transaction, Ling Tao photoelectric in purchasing channels, suppliers, customers, sales channels and other aspects and REFOND can form complementary.

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