Two audio acquisition delivery is completed, the total turnover of more than 270 million yuan

Yesterday (3 days), audio announcement, as of November 30, 2017, the company completed the acquisition of Feilo Malta Limited and Havells Sylvania 20% of the shares (Thailand) Limited (hereinafter referred to as the "Thailand company") 100% of the shares of the delivery of the work. This time after the completion of the delivery of Feilo Malta Limited, the company holds 100% equity and 100% stake in Thailand company.

According to the announcement, the company to 34 million 500 thousand euros (about 264 million yuan) to buy Feilo Malta Limited20% equity prices, and to 1 million 600 thousand euros (about 12 million 221 thousand and 600 yuan) acquisition of Thailand equity prices. The subject of the transaction Feilo Malta Limited is a wholly owned subsidiary of Shanghai Feile Investment Company Limited a wholly-owned subsidiary of Inesa UK limited holds a 80% stake in the company, HHL holds a 20% stake. Mainly through its 52 subsidiaries engaged in lighting products (including lighting and lighting products, mould parts) design, manufacturing and distribution business. Thailand in Thailand, the company is mainly engaged in lighting products (including mold parts, lamp and luminaire product) design, manufacturing and distribution business.

Said the announcement before the audio, the remaining 20% stake after the completion of the acquisition of FML, audio will become the sole shareholder of Sylvania group, will be beneficial to the company's existing business and Sylvania group in the further integration of markets and channels, products and technology, human resources and management experience, to achieve complementary advantages, the sharing of resources and technology integration.

In addition, the company will further promote the integration of Sylvania group, give full play to the synergy and Sylvania acoustics. To improve the acoustics competitiveness and brand influence in the global lighting market, to further expand the audio market share in the global scope, improve business performance, bring better returns to shareholders of the company. Secondly, with the international lighting giant GE to exit the Southeast Asian market, for the entire Southeast Asian market a broad space for development. At present, PHILPS and other international lighting giant is through a substantial price way to actively seize the business space for GE in Southeast asia. Now the Southeast Asian lighting market development trend is good, steady improvement in the size of the market. Thailand as an important market in Southeast Asia, the domestic political stability, and Sylvania Thailand local company in Thailand has a stable sales channels and brand trust network. Therefore, the acquisition of Thailand, a solid foundation for the company in Southeast Asia development, enhance the company's market share and influence in Southeast asia.

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