The photoelectric intends 990 million acquisition of Internet advertising companies

Shenzhen city construction Au Optronics Co at the beginning of the July announcement that the company is planning major issues, because the matter is still in the pipeline, there are still uncertainties, the company stock since June 30, 2015 opening suspension. After the construction of planning matters was the announcement that the major issues in the planning for the proposed acquisition of advertising media industry companies, the transaction amount is expected to discuss the assets of not less than 600 million yuan.

September 3rd, photoelectric announcement said, has been initially identified the major issues as a major asset reorganization. The proposed planning of major asset restructuring of the underlying assets are mainly engaged in the effectiveness of the Internet advertising solutions provider, to provide search engine advertising solutions and service. The company initially negotiated with the underlying asset side, the underlying asset transaction price initially identified as 990 million yuan, and the company to pay cash and issue of shares in a combination of payment. The specific transaction amount shall be subject to the audit evaluation. Since the suspension, the company, the parties to the transaction and the agency to actively promote the work of this major asset restructuring. The company has signed a preliminary agreement with the underlying asset restructuring plan intends to major asset restructuring. Due to the reorganization of the large amount of work involved, as of the date of this announcement, relevant issues related to the restructuring plan still need to continue to communicate with each other and the relevant aspects of the transaction, the relevant contents of the restructuring plan still needs further discussion, demonstration and improvement, a short time is difficult to finish. In order to safeguard the interests of investors, to avoid a significant impact on the company's share price, according to the relevant provisions of the Shenzhen stock exchange, the company's application, the company stock since September 7, 2015 opening date to continue the suspension.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).