With the overall recovery of the domestic LED industry, all enterprises are fast-moving, expanding, and acquiring the market. The leading white LED packaging company Hongli Optoelectronics is no exception.
On the evening of June 9, Hongli Optoelectronics disclosed that the company intends to purchase Shenzhen Sima Deguang Electronics Co., Ltd. (referred to as “Sisi†legally held by Anmao Ling, Li Jundong, Liu Wenjun and Zhang Mingwu through the combination of issuing shares and paying cash. “Mide†is a total of 100% equity, and no more than 5,063,333 yuan is raised for no more than 5 specific investors to pay the above cash consideration. The company's stock will resume trading on June 10.
According to the plan, the total transaction price was 1.7989 billion yuan, of which 97.78 million yuan was paid in cash, and the remaining part was 100.11 million yuan, which was paid by way of issuing shares. The price of the issued shares was 13.92 yuan/share, and a total of 7.192 million shares were issued.
It is understood that the company's main LED packaging device research and development, production and sales, products are widely used in commercial lighting, home lighting, advertising light boxes, decorative lighting and other fields. In 2012 and 2013, the company realized operating income of 104 million yuan and 160 million yuan respectively, and net profit of 191.090 million yuan and 8.422 million yuan respectively.
The counterparty promised that the net profit attributable to the shareholders of the parent company after the audited deducting non-recurring gains and losses in 2014, 2015 and 2016 was not less than RMB 28 million, RMB 32 million and RMB 35 million respectively.
It is worth noting that, using the income approach and the asset-based approach assessment, as of March 31, 2014, the estimated value of Smax's 100% equity was 1.798914 billion, which is attributable to the audited base date. The owner's equity of the parent company was 435.303 million yuan and the value added was 136.361 billion yuan. The evaluation rate was 313.26%. With reference to the assessed value of the underlying assets, the 100% equity of the underlying company was valued at 1.7989 billion yuan through friendly negotiation between the parties to the transaction.
In this regard, Hongli Optoelectronics said that the valuation value and transaction price of the underlying assets of the transaction are higher than the corresponding net asset value of the book, mainly due to the good development space of the LED packaging industry and the strong market competition of the target companies. force.
The company said that after the completion of the transaction, Smect became a wholly-owned subsidiary of the company. Both parties have strong complementary spaces in production technology, product structure and sales channels. This transaction will help Hongli Optoelectronics optimize product structure, improve business chain, seize development opportunities, further consolidate and strengthen the company's leading position in the white LED industry, and steadily promote the company's long-term development strategy.
It is worth mentioning that the company disclosed the future or continued mergers and acquisitions in the industry in the fixed plan. The company said that in order to actively promote the company's development and development strategy, Hongli Optoelectronics will adopt the dual measures of endogenous growth and extensional development.
According to the company, since its listing in May 2011, Hongli Optoelectronics has been actively looking for opportunities to integrate high-quality companies in the industry and upstream and downstream of the industry chain through outsourcing, accelerate the realization of the company's long-term strategic goals, and create sustainable and stable performance for shareholders. Return.
Data show that in 2012 and 2013, the net profit of Hongli Optoelectronics was 47.27 million, 61.04 million, respectively, an increase of -35.28% and 29.13%.
On the evening of June 9, Hongli Optoelectronics disclosed that the company intends to purchase Shenzhen Sima Deguang Electronics Co., Ltd. (referred to as “Sisi†legally held by Anmao Ling, Li Jundong, Liu Wenjun and Zhang Mingwu through the combination of issuing shares and paying cash. “Mide†is a total of 100% equity, and no more than 5,063,333 yuan is raised for no more than 5 specific investors to pay the above cash consideration. The company's stock will resume trading on June 10.
According to the plan, the total transaction price was 1.7989 billion yuan, of which 97.78 million yuan was paid in cash, and the remaining part was 100.11 million yuan, which was paid by way of issuing shares. The price of the issued shares was 13.92 yuan/share, and a total of 7.192 million shares were issued.
It is understood that the company's main LED packaging device research and development, production and sales, products are widely used in commercial lighting, home lighting, advertising light boxes, decorative lighting and other fields. In 2012 and 2013, the company realized operating income of 104 million yuan and 160 million yuan respectively, and net profit of 191.090 million yuan and 8.422 million yuan respectively.
The counterparty promised that the net profit attributable to the shareholders of the parent company after the audited deducting non-recurring gains and losses in 2014, 2015 and 2016 was not less than RMB 28 million, RMB 32 million and RMB 35 million respectively.
It is worth noting that, using the income approach and the asset-based approach assessment, as of March 31, 2014, the estimated value of Smax's 100% equity was 1.798914 billion, which is attributable to the audited base date. The owner's equity of the parent company was 435.303 million yuan and the value added was 136.361 billion yuan. The evaluation rate was 313.26%. With reference to the assessed value of the underlying assets, the 100% equity of the underlying company was valued at 1.7989 billion yuan through friendly negotiation between the parties to the transaction.
In this regard, Hongli Optoelectronics said that the valuation value and transaction price of the underlying assets of the transaction are higher than the corresponding net asset value of the book, mainly due to the good development space of the LED packaging industry and the strong market competition of the target companies. force.
The company said that after the completion of the transaction, Smect became a wholly-owned subsidiary of the company. Both parties have strong complementary spaces in production technology, product structure and sales channels. This transaction will help Hongli Optoelectronics optimize product structure, improve business chain, seize development opportunities, further consolidate and strengthen the company's leading position in the white LED industry, and steadily promote the company's long-term development strategy.
It is worth mentioning that the company disclosed the future or continued mergers and acquisitions in the industry in the fixed plan. The company said that in order to actively promote the company's development and development strategy, Hongli Optoelectronics will adopt the dual measures of endogenous growth and extensional development.
According to the company, since its listing in May 2011, Hongli Optoelectronics has been actively looking for opportunities to integrate high-quality companies in the industry and upstream and downstream of the industry chain through outsourcing, accelerate the realization of the company's long-term strategic goals, and create sustainable and stable performance for shareholders. Return.
Data show that in 2012 and 2013, the net profit of Hongli Optoelectronics was 47.27 million, 61.04 million, respectively, an increase of -35.28% and 29.13%.
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