Crystal Optoelectronics plans to acquire more than 20% of Japan Guangchi's equity of RMB119 million

Crystal Optoelectronics (002273) announced on the evening of November 16, and on November 13, the company signed a "share transfer contract" with 40 shareholders of the company ("Japan Glory"). The company purchased 2,420 shares of Japan's Glory held in cash, with a transaction amount of 225,060,000 yen (according to the exchange rate of November 11, 2014, approximately RMB 11,927,280). After the transaction is completed, the company will become the largest shareholder of Japan's Guangchi, accounting for 20.38% of the equity of Japan's Guangchi.

Japan Koichi is a supplier of crystal optoelectronic equipment. More than 80% of the company's coating machines are from Japan's Koichi. In 2011, 2012, 2013 and January-September 2014, the transaction amount of the company and Japan's Guangchi coating machine were 39.662 million yuan, 79.93 million yuan, 26.896 million yuan and 13.8341 million yuan respectively.

Japan Gyco is mainly engaged in the R&D, production and sales of coating equipment and equipment core components in the optical and touch panel industries. It is the industry's leading professional equipment manufacturer and ranks among the world's top market share in optical coating equipment and other products.

Crystal Optoelectronics said that the acquisition of a 20.38% stake in Japan's Guangchi is an important step in implementing the company's development policy of “fast and steady development of the traditional optical industry, accelerating the pace of adjustment of new industrial structures, and achieving new breakthroughs in corporate development strategies”. The synergy effect is complemented by the complementary advantages of the two companies, which not only helps the two companies to enhance their core competitiveness, but also helps the company to accelerate the pace of structural adjustment and enhance the company's international operation and industrial chain competitiveness.

From the perspective of corporate strategy, the acquisition is significant. Conducive to the company's global high-end equipment manufacturing, research and development advantages, strengthen the company's core competitiveness, enhance the company's industrial chain position; explore industrial synergies, jointly face new industries, product market opportunities; integrate equipment R & D and mass production manufacturing experience, foster emerging Industry growth point; leverage international market and research and development capabilities to further improve the company's global high-end consumer electronics market structure; improve the company's international management and risk management and control capabilities, further consolidate the development foundation; positively affect the company's financial status, accumulate international finance Management and investment experience.

The final completion of the transaction is subject to approval or filing by relevant regulatory authorities in China and Japan, including but not limited to the competent authorities of the Development and Reform Commission, the competent commercial authorities, the competent foreign exchange authorities, and relevant Japanese regulatory agencies. The company's stock was reopened on November 17, 2014.

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