Guangri shares announced on the evening of January 12 that the wholly-owned subsidiary Guangzhou Guangri Investment Management Co., Ltd. (“Guangri Investment Managementâ€) signed the original shareholders of Changchun FAW Sihuan Tianjia Auto Parts Co., Ltd. (the target company). The Acquisition Cooperation Framework Agreement. Guangri Investment Management intends to acquire the equity of the target company in two phases.
According to reports, Changchun FAW Sihuan Tianjia Auto Parts Co., Ltd. operates in the automotive parts, sheet metal welding, mechanical equipment maintenance, non-standard testing machine design and manufacturing, construction machinery manufacturing; automotive parts, machine tools, For chemical products, the company's registered capital is 500,000 yuan.
According to the agreement, Guangri Investment Management plans to invest 33.6 million yuan, of which 25.69 million yuan is used to acquire part of the shares held by the original shareholders of the target company, and 7.91 million yuan is used to increase capital to the target company. After the completion of the acquisition and capital increase, the company will be awarded the target company. 70% equity. Thereafter, in 2016, under the premise that the original shareholders of the target company fulfilled the target performance of the target company, Guangri Investment Management or initiated the acquisition of the remaining 30% equity of the target company, and the acquisition valuation is not lower than the net profit of the main business of the 2016 target company. 8 times P/E.
Guangri shares said that the company intends to pass this acquisition and rely on the technical strength of wire and cable manufacturing and the research and development strength of LED automotive lighting systems by its wholly-owned subsidiary Guangzhou Guangri Electric Equipment Co., Ltd., with the automotive wiring harness system as the leading product. Expand LED automotive lighting systems to realize the extension of the company's LED lighting technology and products.
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