Mulinsen (002745) disclosed the announcement on the evening of June 15th. The company's wholly-owned subsidiary in Hong Kong, Mulinsen limited and Yan Jianguo signed the "Acquisition Agreement". The company accepted the super-era light source (Group) held by Yan Jianguo at a price of 315.5 million yuan. Ltd. (hereinafter referred to as "Super Times Light Source") 80% equity. The announcement shows that since its establishment, Yan Jianguo has been holding 100% of the shares of Chaoshi Light Source. As of December 31, 2015, Chaoyue Light Source Assets totaled 613 million yuan and net assets were 100 million yuan. In 2015, operating income was 428 million yuan and net profit was -24.724 million yuan. The main assets of Chaoshi Light Source are the land use rights, the ownership of the above-ground buildings and their production equipment of Sun Company Xinhe (Shaoxing) Green Lighting Co., Ltd. (hereinafter referred to as “Xinhe (Shaoxing)â€. Chaoshi Light Source indirectly holds 100% equity of Xinhe (Shaoxing) through Xinhe (Hong Kong) Green Lighting Co., Ltd. (hereinafter referred to as “Xinhe (Hong Kong)â€). Xinhe (Shaoxing) is mainly engaged in the production and sales of energy-saving lamps, LED lamps and their parts, components and accessories. It is the largest manufacturer of LED filament lamps in China. As of December 31, 2015, Xinhe (Shaoxing) had total assets of 442 million yuan and net assets of 246 million yuan. In 2015, its operating income was 396 million yuan and its net profit was -2298.28 million yuan. The two parties also agreed that within three years after the delivery date, the seller Fang Yanguo should sell the remaining 20% ​​of the target company he held to the purchaser, Mulinsen, and Mulinsen should agree to purchase the shares at the transfer price in accordance with the objectives of this agreement. 25% of the share price is determined. The announcement also revealed that as of April 30, 2016, Chaoyin Light Source used its own funds and funds from the borrowing of the brother company Yikang Enterprise Management Co., Ltd. to settle all bank loans. At the same time, Chaoyinyuan and Yan Jianguo signed a credit-to-equity swap agreement, which agreed to convert the creditor’s rights of Chaoyang’s 255 million Hong Kong dollars held by Yan Jianguo into equity. As a result, as of April 30, 2016, the paid-in capital of Chaoyue Light Source increased to HK$375 million, equivalent to RMB307 million. The net assets of Super Time Sources as of April 30, 2016 increased to 313 million yuan. Mulinsen said that this foreign investment is in line with the company's development strategy. By acquiring the ultra-era light source, the technology and market share of LED filament lamps can be obtained in the fastest way, which is of positive significance for enriching and enriching the company's LED lighting product line. At the same time, based on the industry synergy and integration benefits after the merger, it will have a positive effect on the company's future performance.
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