Alto Electronics plans to acquire 250 million to upgrade the scale of LED lighting business

Alto Electronics (002587) disclosed the asset acquisition plan on the evening of June 15. The company intends to purchase thousands of shares held by Shen Yongjian, Zhou Weijun, Wang Yawei, Luo Xiaoshan, Zhong Zhao Longteng and Han Huayuan Investment through the combination of issuing shares and paying cash. Baihui has a total of 100% equity, and the total transaction price is 250 million yuan. Among them, it is planned to issue 9.791 million shares in a non-public offering of 19.15 yuan/share and pay 62.5 million yuan in cash.

The company also plans to use the price of 22.62 yuan / share to the GF Asset Management (Employee Stock Ownership Plan), China Post Fund, Lafang Investment (Lafang 9 Fund), Huitian Investment, Li Beizhen, Yang Jian, Wu Jun, Zhang Da In the year, Shen Yongjian’s issuance of shares will not exceed RMB 250 million, and the total issuance will not exceed RMB 1,105,200.

Qianbaihui is a well-known integrated solution provider for the lighting engineering industry in China. It is mainly engaged in the construction of urban landscape lighting projects and the overall planning and design of landscape lighting projects, and the research and development, production and sales of lighting products. Professional lighting engineering enterprise integrating lighting product development, production, lighting engineering design, construction and service.

As of the end of March 2015, Qianbaihui had total assets of 93,569,900 yuan and net assets of 52,334,400 yuan. In 2013 and 2014, it realized operating income of 8,251,100 yuan and 106 million yuan respectively, and net profit of 8,946,100 yuan and 1,721,380 respectively. yuan. The counterparty promised that the target company's net profit attributable to the parent company after deducting non-recurring gains and losses in 2015-2018 shall not be less than 21 million, 29.4 million, 38.22 million yuan and 43.38 million yuan respectively.

The company said that through this transaction, the company's LED lighting business will continue to increase in scale, and the company's business structure will be adjusted and optimized to promote the company's performance growth. The company and Qianbaihui's main downstream customers have cross-cutting and similarity. After this transaction, the company and Qianbaihui will use each other's customers and channel resources to realize the coordinated development of the two businesses through cross-selling resource integration mode.

The company's stock will continue to be suspended from June 16th, and will resume trading after the exchange has reviewed and issued the revised announcement.

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