You hao purchase? The construction intends to purchase 2 billion four media advertising

In October 8th, Shenzhen city construction Au Optronics Co released a major asset restructuring progress postponed resumption cum announcement, notice that the photoelectric intends to invest 2 billion acquisition of four companies.

Among them, one of the main subject of the company provides service solutions and effect of search engine advertising for businesses; the subject of the company to the outdoor media resources as main media operators; the three is the subject of the company to provide customers with one-stop outdoor advertising delivery solutions, carry out the advertising agency service companies; the subject of the company of four is engaged in the activities of the spread of creative planning and implementation management business of the company. After consultation with the underlying assets of the parties, the underlying asset transaction price was initially identified as a total of about 2 billion yuan.

Announcement shows that the four target companies work in coordinating the implementation of multi-party negotiation and discussion, the implementation of a longer period, more uncertain factors, at the same time with the four target companies trading scheme to negotiate and communicate to spend more time, reached a basic consensus the time is late, the specific work and the final implementation is more complicated, the the final implementation has been pushed to late September. The current project based on communication and the implementation of the project, the company expects the company audit and assessment work will take some time to promote the four target, then in order to determine the complete disclosure of material production scheme and the final transaction information.

The company said, for a major asset restructuring plan or report in accordance with the requirements of China the disclosure of the SFC in December 30th; overdue failed to disclose major asset restructuring plan or report, the company will be based on the reorganization to promote the situation to determine whether to apply for an extension resumption of Shenzhen stock exchange. The company did not resumption application for extension or extension of resumption application without consent, the company's shares will resume trading on December 30, 2015, and since the company's shares resume trading within six months longer planning a major asset reorganization.

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