Overclocking three intends to repurchase Jiong Da energy 49% stake to expand LED lighting business
On the evening of April 12th, CF three (300647) announced that the company was planning a major asset reorganization. We intend to acquire 49% of the equity of Zhejiang Jiong Da Energy Technology Co., Ltd. (hereinafter referred to as "Jiong Da energy") by issuing shares.
In view of the uncertainty of the matter, in order to safeguard the interests of the investors, ensure the information open and fair and avoid the abnormal fluctuation of the stock price of the company, the company's stock (securities, abbreviated: overfrequency three; securities code: 300647) has been suspended since the opening of the market of 13 (Friday) in April 2018.
In fact, as early as September 12, 2017, overclocking three has issued a notice on the 51% stake in the cash acquisition of Jiong Da energy. The company intends to buy a 51% stake in Jiong's energy held by Huang Haiyan, Chen Shujie, Hangzhou win sea investment management partnership (limited partnership) (hereinafter referred to as "winning the sea Investment") with 127 million 500 thousand yuan of self financing.
That is to say, after the completion of the equity transfer, the overclocking three will have a total shareholding of 100% of Jiong Da energy and become a wholly owned subsidiary.
It is understood that Jiong Da energy is an energy saving service enterprise which provides LED city green lighting one-stop solution. Its operation scope is: new energy products, solar products, energy saving products, energy saving equipment technology development and technical service, installation and maintenance, contract energy management, engineering technology consulting, engineering management. Consulting, building design consulting, meeting service; sales: LED lights, energy saving products, energy saving equipment, household appliances, central air conditioning, HVAC equipment, cold and warm ventilation equipment, building automation system, lighting lighting system design, installation and maintenance, urban road lighting engineering, mechanical and electrical equipment installation construction; inside and outside of the producer. Lamps and lanterns, fire intelligent power supply and lamps and lanterns (production limited branch business) (legally approved projects can be carried out after approval by the relevant departments).
Up to now, Jiong Da energy has completed the renovation of public lighting in many cities in Zhejiang Province, and was registered as a member of the energy conservation service industry committee of China Energy Conservation Association in 2016. It has rich experience in lighting engineering and project results.
It is worth mentioning that in 2016, the operating income of Jiong Da was 56 million 330 thousand, and the net profit was 12 million 390 thousand. The operating income of the first half of 2017 was 27 million 760 thousand and the net profit was 10 million. The transferee promised Jiong Da energy to deduct its net profit in 2017, 2018 and 2019 not less than 25 million yuan, 30 million yuan, and 35 million yuan respectively.
For overfrequency three, the acquisition of Jiong Da energy is a beneficial expansion of the company's LED lighting business. It is beneficial to expand the scale of the company's lighting business in the LED field with the help of the project experience, channel resources and customer resources, and promote the market competitiveness. It is an important measure to achieve the goal of the company's business development.
At the same time, overclocking three realizes the extension of the company through this acquisition, and realizes extensive and deep cooperation with Jiong Da energy in strategic coordination, channel integration, product promotion, service promotion, capital support, resource sharing, enterprise management, talent training and so on. It will make a strong and strong LED lighting industry for the company. To create a solid foundation for leading brands of electronic products at home and abroad.