Set by the acquisition of nearly 20 Yili Adrian expansion two.

Lyad October 23rd evening announcement, intends to non-public offering of not more than 120 million shares, raising the total amount of funds not more than $1 billion 980 million, of which $1 billion is intended to be used for the acquisition of 100% stake in PLANAR.

PLANAR is a company including DLP RPTV, LCD splicing and LED display, display the whole category of product solutions and suppliers in the international high-end home theater, especially the North American market has a high reputation and market share. The company through the acquisition of PLANAR companies on the one hand, the realization of the electronic display industry professional mainstream display technology of products covering the full range of product applications, will also be extended to the traditional business of high-end home theater and other civilian areas; on the other hand, the rapid construction of globalization operation platform, PLANAR's global marketing network and brand influence will greatly promote the company the strategic goal of enterprise globalization.

The company's 2013 annual target, the year 2015, 1-6 month operating income was $1 billion 15 million 902 thousand and 100, $1 billion 196 million 173 thousand and 200, 570 million 664 thousand and 600 yuan, net profit of -4770.3 million, respectively, $26 million 732 thousand and 900, $5 million 191 thousand and 300.

Other fund-raising purposes, the establishment of the cultural industry investment company intends to invest 480 million yuan, the application of LED industrial park expansion project intends to invest 42 million yuan, LED international industrial park construction project plans to invest 23 million yuan, the project marketing service network construction plans to invest 43 million yuan, the R & D Center innovation project intends to invest 20 million yuan, the added liquidity to invest 372 million yuan.

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