Ying Fei terminates the acquisition of 200 million of China Hong Kong Electric Power 100% stake

Yesterday (8) evening, Ying Fei issued a notice, the company held in October 8, 2018 the second session of the fifteenth meeting of the board of directors adopted the "on the termination of the acquisition of Nanjing China Hong Kong Electric Limited by Share Ltd stake" motion, decided to terminate the acquisition of shares, and signed with the transferor about the stock acquisition framework Association. Termination agreement.

According to the announcement, the second meeting of the second board of directors, which was held in July 31, 2017, adopted the "motion on signing the framework agreement for share purchase". It agreed that the company would acquire Nanjing micro core investment management partnership (limited partnership) in cash and Beijing state capital investment Limited (Limited partnership). The 14 shareholders of Suzhou Qingyan automotive industry venture capital enterprise (limited partnership) and China Baoan Group Asset Management Co., Ltd. (transferor) hold 100% of the Nanjing Baoan electric power (China Hong Kong Electric Power), and signed the "framework agreement for share purchase". The transaction price is 200 million yuan.

It is reported that China Hong Kong electric power is a domestic advanced technology supplier of new energy vehicle core components. The company acquired all the shares of Nanjing China electric power Limited by Share Ltd in order to speed up the layout of the new energy vehicle industry.

Ying Fei said that at present, the company did not sign a formal share transfer agreement with the transferor. The termination of the transaction is the result of the company's careful study and consensus with the transferor. Neither the company nor the transferor need to pay compensation and legal liability for the termination of the acquisition. The termination of this transaction will not adversely affect the company's performance and production and operation, nor will it bring substantive obstacles to the realization of the company's strategic objectives. Future Ltd will continue to carry out various business management work around the established strategic objectives, seek more opportunities for development, continuously improve business performance, and effectively safeguard the interests of the vast majority of shareholders.

For more LED related information, please click LED net or pay attention to WeChat public account (cnledw2013).