Up to 300 million yuan! Wright intends to purchase 100% stake in bestserve automation

Yesterday (24) evening, snow Wright announcement, the company intends to issue shares and to pay cash to buy Heli 4 shareholders together hold Shenzhen BestServe Automation Technology Co. Ltd. (hereinafter referred to as "bestserve automation") 100% stake, but to no more than 10 specific investors non-public the issue of shares to raise matching funds.

Halbis automation was founded in June 2013, is committed to lithium battery automation equipment R & D and production. According to the announcement, as of the valuation date (June 30, 2017), to assess bestserve automation value of 302 million 850 thousand and 300 yuan. According to the transaction parties, the transaction price of the underlying assets of 300 million yuan, the transaction price of 65% of the shares issued by way of payment, 35% of the transaction price to pay in cash.

In addition, the time to complete the financing of subscription of non-public offering to raise matching funds of not more than 78 million yuan, less than this transaction to issue shares to buy assets in the transaction price (not including the counterparty in the transaction within six months before the suspension and the suspension period in cash capital increase shares corresponding to the standard part the transaction price of 100%), while raising matching funds does not exceed the number of shares issued prior to the issuance of 730241172 shares of the total share capital of the listed company 20%, 146048234 shares. The raise matching funds will be used to pay cash for the transaction price and the intermediary costs.

After the completion of this transaction, Wright's operating income, net profit, net assets and other indicators were improved to certain extent, the listed company's ability to resist risks and further enhance profitability.

Comparison of financial data before and after the completion of this transaction Wright's (without considering the factors to raise matching funds).

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