Chau Ming Technology plans to acquire 214 million shares of Radio 40%

June 3rd, Zhou Ming Technology (300232) continued to throw out fixed plans and issued shares to buy assets and raise matching funds on Wednesday afternoon, adding LED main business. According to the relevant regulatory requirements, the company's shares will be suspended for more than 10 trading days after the company's shares are purchased and the funds raised and the related party transactions are disclosed.

Since its establishment, Redio has been committed to providing high-quality, high-performance LED display application products and solutions for domestic and foreign customers. It is mainly engaged in the research, development, design, production and sales of LED high-definition energy-saving full-color display products. It is the leading LED in China. Show program professional service providers. In 2013 and 2014, the net profit was 15.64 million yuan and 45.378 million yuan respectively. As of December 31, 2014, the 100% equity valuation of Redio is 539 million yuan, the value-added rate is 754.84%, and the 40% equity transaction price is 215 million yuan.

According to the plan, Chau Ming Technology intends to issue 12.679 million shares to Lu Chudong and Qian Yujun at a price of 16.96 yuan per share, acquire 40% of the shares of Redio, and issue 12.679 million shares at the same price to the company's actual controller Lin Weifeng and others. No more than 215 million yuan of matching funds, used to increase the capital of the "high-end LED display technology upgrade project", "research and development center construction project" to Radio, and supplement the Radio liquidity. Through this transaction, Chau Ming Technology will hold 100% of Redio.

Lei Dio's shareholders Lu Chudong and Qian Yujun promised that if the assets purchased for the issuance of shares were completed in 2015, Redio's net profit after auditing deduction in 2015-2018 shall not be less than 51 million yuan and 58 million yuan respectively. 65 million yuan and 73.8 million yuan, otherwise the listed company will be compensated for the share price obtained in this transaction.

On the same day, Zhouming Technology issued a plan for the increase. The company intends to issue no more than 30 million shares to the actual controller Lin Yifeng, as well as Zhou Wen, Sun Hongxia, Qianhai Daewoo Asset Management Plan and Yuxin Asset Management Plan at a price of 16.96 yuan/share. The fundraising will not exceed 509 million yuan. Daya Bay commercial LED super TV automation production base construction project, acquisition of Lanpu Technology 20% equity project and supplementary liquidity.

Founded in 2004, Lanpu Technology is a product service provider specializing in LED product application research and development, design, production, sales and service. It is also one of the largest LED product application system solution providers in China. The price of the 30% equity of Lanpu Technology by Zhouming Technology is 55 million yuan.

Due to the planned disclosure of major issues, Chau Ming Technology has been suspended since March 20th.

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