Siu Chi shares intends to participate in the acquisition of overseas lighting industry assets resume trading today

Siu Chi shares May 20th evening announcement said, in order to further improve the company in the lighting industry layout, the company intends to participate in the establishment of a venture capital fund fund industry mergers and acquisitions, equity acquisition of overseas lighting industry of a company, but the matter is still uncertain. Upon application, the company stock since May 23rd opening date for resumption.

According to reports, the subject of the company for the lighting industry well-known enterprises, such as the successful completion of the transaction, will help the company to master the lighting industry's most cutting-edge technology, to improve the ability of innovation and the ability to integrate the industry chain, to promote the company in the rapid development of lighting and related industries, further build green energy, wisdom Home Furnishing lighting system enhance the company's R & D and manufacturing in the field of lighting industry in the international market position.

At the same time, said the announcement, the company has reached an agreement with the venture capital fund, but because the matter involves foreign mergers and acquisitions, specific programs to be further demonstrated, has not yet signed a formal agreement. The company will determine the relevant matters as soon as possible with the parties, and to implement the board of directors or shareholders' meeting of the review process. The transaction does not constitute a connected transaction, temporarily unknown whether constitutes a major asset restructuring of listed companies management approach provides a major asset restructuring.

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