HuaCan photoelectric late June 13, delay the resumption of the material assets reorganization announcement, said the restructuring of the underlying asset to a company is established in the process of SPV (special purpose company), the SPV is a holding company, is no actual business itself, the SPV to the transaction of the shareholders of the target company intends to buy a 100% stake in the target company. The transaction of the target company for a microelectronics industry's leading sensor.

Announcement said that the transaction underlying asset of the controlling shareholder to yiwu harmonious core equity investment partnership (limited partnership), temporarily not determine the underlying assets actual controller. The transaction for the purchase of assets through issuing shares and raising matching funds and related party transactions, the specific program has not yet been set. At present, the company with the target company shareholders have signed the restructuring memo, are detailed trading scheme for further consultation and communication.

Announcement also pointed out that in the transaction, the property SPV acquisition target assets 100% stake in China enterprise acquisitions overseas, to the competent department of commerce, national development and reform commission, the administration of foreign exchange reserves the right to department of examination and approval and for the record. The transactions are not available at the moment to authority department for examination and approval step.