Lehman shares plans to acquire 780 million yuan in subway advertising business assets

Lehman shares announced on the evening of February 28 that after the Shenzhen Stock Exchange had a reorganization inquiry letter on February 24, the company and the independent financial consultants and other intermediary agencies hired by the company were actively preparing for the reply and inquiring about the reorganization of the Shenzhen Stock Exchange. The audit opinions contained in the letter were implemented one by one and responded earnestly. The relevant documents such as Shenzhen Lehman Optoelectronics Technology Co., Ltd. issued shares and paid cash to purchase assets and raised matching funds and related party transactions were supplemented and improved. . Upon application, the company's stock will resume trading on February 29.

According to the plan, Lehman Co., Ltd. plans to issue 20,744,700 shares at 18.8 yuan/share and pay 390 million yuan in cash for a total purchase price of 780 million yuan to acquire 100% equity of Huashi New Culture Co., Ltd.; and intends to make non-public disclosure of no more than 5 specific objects. The funds raised for the issuance of shares shall not exceed RMB 780 million for the payment of cash considerations and the replenishment of the company's working capital.

Huashi New Culture is the only company that operates the Metro TV media advertising business under the China TV Media. At present, VisionChina Media has injected all relevant assets, liabilities, business and personnel of its metro TV media advertising business into the company. After the acquisition, the company will further promote the implementation of the company's sports industry strategy, optimize and expand the company's business. According to the performance commitment, the target company's commitment to deduct non-net profit from 2016 to 2018 is not less than 60 million yuan, 80 million yuan and 100 million yuan respectively.

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