Trench gas pressing! Liard intends to 350 million acquisition of Zhongtian lighting

Said on June 29th evening announcement, the company intends to cash 350 million yuan acquisition of crystal Yu business, run the shadow of the business together to hold a total of 100% stake in transit lighting. In the process of equity transfer, the transferor will be 350 million yuan of equity transfer made in paragraph 70% (corresponding to 245 million yuan) for the purchase of the entire company's controlling shareholder, actual controller Li Jun holdings of shares in the company by way of bulk trading agreement.

The acquisition is conducive to the company to achieve the national layout of the lighting business. The company acquired in 2014 after the liard JINDA lighting, lighting engineering group in the LED sector market share to achieve explosive growth, JINDA lighting has been successful and is the implementation of the subject for the amount of 277 million yuan of "two rivers and four banks in Wuhan city light show" has become the new benchmark for City landscape lighting. At present, the country is expected to city landscape lighting industry in a period of rapid growth in the past 3 to 5 years, the overall market size will exceed 100 billion yuan, and the company in this field has formed a considerable market first mover advantage, and Riyadh group city culture travel business to form a good synergy.

But this industry is currently strong regional, diversified, JINDA lighting is currently only in the South have a certain market share, but the sky lighting is to carry out landscape lighting business in Shanghai leading enterprises, the company acquired 100% stake in sky lighting, can optimize the company's business layout in the city landscape lighting area, Shanghai the basis, greatly enhance the company's lighting engineering business in East China market share, achieve the lighting engineering business in favor of the company's national integration, enhance the overall competitiveness of the business sector, the formation of competitive advantage, to further enhance the company's lighting plate scale income and net profit level.

At the same time, the company said the acquisition is also beneficial to Riyadh group in the development of comprehensive collaborative business in East china. Before this acquisition, the company implemented a number of strategic cooperation in the integration of culture and technology, in the audio-visual products R & D, production and customer resources to form a larger advantage, after the completion of the acquisition, the sky lighting as the foundation, can help the company in the East China region, and gradually realize grid market layout, and construction of leyard Group East China comprehensive integration base, Riyadh enterprise group members in resources, procurement, production, sales development in East region, boosting the member enterprises, the existing business leap of collaborative development.

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