Huacan Optoelectronics (300323), which is still in suspension, recently revealed its acquisition target as MEMSIC, INC. (Meixin Semiconductor), the world's leading microelectromechanical (MEMS) sensor company.
The announcement shows that the current restructuring plan of Huacan Optoelectronics is to purchase shares to purchase assets, that is, the underlying assets are Harmony Core (Yiwu) Optoelectronics Technology Co., Ltd. ("SPV"), from SPV to the target company of this transaction. Shareholders purchase 100% of the equity of the target company. The target company of this transaction is MEMSIC, INC., which is a leading technology company in the global micro-electromechanical (MEMS) sensor industry.
The controlling shareholder of the underlying assets of this transaction is Yiwu Harmony Corelight Equity Investment Partnership (Limited Partnership). The company has signed an investment framework agreement with SPV and its controlling shareholder, which has been reported to the Shenzhen Stock Exchange. The transaction price is determined based on the 15 to 20 times price-earnings ratio of the target company's 2017 forecasted net profit (determined by deducting the principle of depreciation), and the parties agree that the final transaction price is subject to the price confirmed by the evaluation agency.
The parties confirmed that in this transaction, the target asset SPV acquired 100% equity of the target company for the acquisition of overseas enterprises by Chinese enterprises, and required the approval and filing of the competent departments of commerce, the National Development and Reform Commission, the foreign exchange administration and other relevant departments. The transaction has not yet been conducted. Go to the relevant department for approval steps.
About Meixin Semiconductor
MEMSIC (MEMS+IC) has developed a unique MEMS sensor component and system integration technology, focusing on manufacturing a variety of miniaturized and lower cost products, providing market needs for consumer electronics, industrial automation and aerospace. product.
Now, Mesin has accumulated deep technology and experience in sensor components and system integration, and is committed to providing customers with optimized wireless sensor system solutions, application support and innovative algorithms and applications. Win the trust and support of customers.
With new experience and expertise, we are confident that we can enter any price-sensitive application at a lower cost and provide high quality and high reliability products. As a world-class wireless sensor technology company, we will promote the wireless sensing technology mission to create a smarter world of perception.
Glass Curtain,Glass Curtain Display,Transparent Glass Curtain,Led Advertising Display
Kindwin Technology (H.K.) Limited , https://www.ktl-led.com