[High-tech LED News] Depu Technology (03823) announced that the company will enter into a non-legally binding memorandum of understanding, intending to acquire 100% of Guanglian Technology with a total investment of no more than 260 million yuan, and formally enter the LED industry.
Among them, no more than 40 million yuan will be paid in cash or by cheque, no more than 20 million yuan will be issued for the issuance of promissory notes, and no more than 200 million yuan will be paid for the issuance of the consideration shares.
Guanglian Technology is principally engaged in the research and production of semiconductor parts and lighting accessories in China, as well as the production, assembly and processing of LED lights.
It is reported that the Vendor will provide a profit guarantee to the Purchaser for the audited consolidated net profit of the Target. The completion of the formal agreement is subject to the due diligence review of the Target Group by the company. The company has a 90-day exclusive consultation period and the company believes that the entering into of the formal agreement will facilitate the expansion of the new business.
Among them, no more than 40 million yuan will be paid in cash or by cheque, no more than 20 million yuan will be issued for the issuance of promissory notes, and no more than 200 million yuan will be paid for the issuance of the consideration shares.
Guanglian Technology is principally engaged in the research and production of semiconductor parts and lighting accessories in China, as well as the production, assembly and processing of LED lights.
It is reported that the Vendor will provide a profit guarantee to the Purchaser for the audited consolidated net profit of the Target. The completion of the formal agreement is subject to the due diligence review of the Target Group by the company. The company has a 90-day exclusive consultation period and the company believes that the entering into of the formal agreement will facilitate the expansion of the new business.
Bath Mat,Shower Mat,Bathroom Mats,Bath Rugs
Cixi Mingsheng Rubber & Plastic Co.,Ltd. , https://www.cixidoormats.com