Silan intends to terminate the acquisition plan Le without equity shares

Silan 11 evening announcement, the company decided to terminate the planning of the acquisition of Leshan radio Limited by Share Ltd (hereinafter referred to as the "free music shares) equity.

According to the announcement, Silan in late May will be planning intends to cash by way of acquisition of music without equity shares, the counterparty for holding equity shares to shareholders without music. The main business of music without shares is design, small signal discrete semiconductor devices product manufacturing and sales, the main products include SMD chip products, DFN, power chip products etc..

No music shares is one of the important customer Silan differential device chip products stand, the planning for the acquisition of free music shares intends to further accelerate the improvement of company IDM model of the industrial chain, enhance the company's products brand penetration, improve the competitive ability of the company to accelerate.

But because of this major asset reorganization involving the underlying asset shares (including music without predecessor) was founded more than 45 years, the longer survival time, which was listed in the local property rights trading center, the number of shareholders is more, the historical problem, can not be cleaned or resolved within three months. It is the interests of all shareholders and maintenance company, the company decided to terminate the planning of this major asset reorganization.

Silan said the planning a major asset reorganization of the termination of the company will not adversely affect the normal production and operation, the company will continue to adhere to the integration of design and manufacturing (IDM) development strategy, to further improve the industrial layout, enhance the overall competitiveness of the company, to create greater value for investors. In addition, in August 11, 2017 the company received a controlling shareholder of Hangzhou Silan Holdings Limited (hereinafter referred to as "Silan Holdings") written notice, Silan holding talks with subsequent acquisition of part of the shares of Leshan radio Limited by Share Ltd. (text: LEDinside Nicole)

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