Alto Electronics announced on the evening of March 2nd that the company signed the "Shenzhen Alto Electronics Co., Ltd. and Shenzhen Municipality" with Shenzhen Lixiang Huike Optoelectronics Technology Co., Ltd., Lixiang Huike shareholders Lu Wei and Cao Ping on March 1, 2017. Xianghuike Optoelectronics Technology Co., Ltd. jointly invested in the establishment of a joint venture agreement for joint ventures, and jointly invested in the establishment of Shenzhen Alto Lixiang Optoelectronics Technology Co., Ltd.
The registered capital of the joint venture company is 37.5 million yuan. Alto Electronics has invested 22.5 million yuan in its own cash to subscribe for 60% of the equity of the joint venture company; Lixiang Huike uses its own fixed assets and all intangible assets (assessed by the asset assessment agency) After the evaluation value is 150.32 million yuan, the price is 15 million yuan, and 40% of the equity of the joint venture company is subscribed.
Alto Electronics said that one of the company's main business is the development, production, sales and service of LED application products, and will further expand the LED application business in the future. Lixiang Huike has the design, research and development and production capacity of LED creative display. The external market has a high reputation.
The cooperation between the two sides can complement each other and form a better complement in product, market and technology. Cooperation has a greater synergy effect on both parties. If the joint venture company can operate smoothly as planned in the future, it will have a positive impact on Alto's financial status and operating results in 2017.
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