Jingwei electric wire thrown December 6th afternoon a major asset restructuring plan, the company intends to price $1 billion 240 million acquisition of xinhuikai layout touch display manufacturing field, thus forming a diversified business model, enhance the anti risk ability of listed companies. The other company stock will not resume trading.
Program shows, combined with the issuance of shares and cash transactions of the listed company intends to buy, the counterparty Furui investment, Hengda Albert, Haining Xinlei new Hui held 100% shares, the issuance of shares to buy assets at a price of 12.80 yuan / share, the total transaction price of 1 billion 241 million 289 thousand and 700 yuan of the transaction. After the completion of xinhuikai will become a wholly owned subsidiary of the listed company. At the same time, the company will be the way of non-public offering of stock to raise matching funds for this restructuring, matching the total financing of 532 million 319 thousand and 900 yuan, supporting the financing issue price of 12.85 yuan / share.
According to the announcement, shareholders xinhuikai Furui investment, Hengda Albert Hui opened for the new performance compensation, and promised xinhuikai in 2016, 2017 and 2018 to achieve the net profit of not less than 74 million 374 thousand and 500 yuan, 113 million 14 thousand and 300 yuan and 136 million 535 thousand and 100 yuan.
Jingwei electric wire is mainly engaged in the design, electromagnetic wire, reactor product development, production and sales. In recent years, faced with the grim economic environment and industry competition, overcapacity and other unfavorable factors, the profitability of the company's existing business in the short term is difficult to fundamentally improve the background of listed companies through new industrial layout seeking strategic breakthrough, to achieve sustained steady improvement in the company's future performance, steady growth and shareholder returns.
Xinhuikai long-term focus on small and medium-size LCD touch screen display module and touch display industry chain related products R & D, production and sales, is the touch display products one-stop service. The main products include capacitive touch screen, LCD module, touch display module and supporting the ITO glass protection screen such products are widely used in vehicle display, medical equipment, industrial control and other areas. Xinhuikai R & D team for many years engaged in the touch screen and LCD display product development and production, to touch and liquid crystal display core process technology has a profound understanding and grasp. The accumulation of rich and the formation of core technology set R & D, design, technology required for production.
After the completion of the reorganization, the listed company's main business will be a single high-end electromagnetic wire and power equipment manufacturing shift display situation for the development of product driven manufacturing wheel for high-end electromagnetic wires and power equipment manufacturing and touch, forming a diversified business model. Through industrial development, the company will be listed on the single industry to reduce the risk at the same time, through the acquisition of profitability strong touch display business segments to form a new profit growth point, to help the company through strategic transformation to industry and business risk of listed companies, enhance the anti risk ability and sustainable development ability.
