The car industry networking and then move through the Hui hung lee intends to 260 million shares

Following the shares of car networking firms in Jiangsu South billion in Pasadena technology 18% stake, honglitronic in car networking industry layout has taken a step. July 17th evening announcement, intends to cash 195 million yuan to buy 18 million 570 thousand shares of Polytron Technologies Inc Shenzhen wisdom, Tak Kwong intends to buy 1 million 430 thousand shares through the Hui 15 million yuan in cash; the two sides were invested 65 million yuan, 5 million yuan to increase vision hui. After the completion of this transaction, the company will hold a 36.58% stake in vision, gf will hold a vision of equity holdings of vision of $2.82%. Company shares resume trading on July 20th.

Statistics show that the Hui vision has ten years of rich experience in the field of vehicle networking, is the largest R & D, production, sales and service in one of the company, to provide comprehensive vehicle GPS field operations service network corporation, product application covers taxis, buses, cars, vehicles, dangerous goods logistics car rental, long-distance passenger transport, private cars and other fields, and has entered the Shanghai Volkswagen before market.

Shareholders shareholders promised in 2015 net profit of not less than 45 million yuan. If the 2016 acquisition of Hui honglitronic vision all the remaining shares, then the shareholders in 2016, Hui vision commitment, 2017, 2018 and 2019, Hui net profit was 70 million yuan, 90 million yuan, 120 million yuan and 145 million yuan.

To December 31, 2018, if not successful or failed to IPO Hui Shitong by mergers and acquisitions of listed companies successfully, by Hui vision shareholders according to the total amount of the transaction and repurchase honglitronic GF Shun Tak Holdings of shares in the company, at the same time pay annual interest of 15% of total transactions. It is worth noting that, as of August 31, 2015, the parties are still unable to sign a formal trading agreement, the intent agreement automatically terminated.

The company said that if the investment can be formally implemented, will be an important step in the field of car networking investment Jiangsu elantex Pasadena Digital Technology Development Co. Ltd. after step, will further accelerate the company in the emerging industry of car networking industry layout pace, conducive to the realization of the company's future business platform for the establishment of ecological double format, LED business + Internet Financial + car networking, have a positive impact on the future development of the company.

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