Autoart electronic (July 13) yesterday evening to disclose the autoart electronic and pay cash purchase of assets through issuing shares and raising matching funds report (draft) in this paper, and points out that the rolling electronic plans through a combination of issuing shares and pay cash, buy Shen Yongjian, Zhou Weijun and ya-wei wang huayuan, Luo Xiaoshan, according to longteng, han investment has a hundreds of fai a combined 100% stake, payment transaction of 300 million yuan, of which, 75 million yuan in cash, the remaining 225 million yuan paid in the form of issuing shares, issued a total of 19999999 shares, regardless of the form a complete set of financing, accounts for the listed company after the completion of the transaction the proportion of the total equity of 5.02%.

This paper points out that hundreds of fai audited after the book value of assets is RMB 11927.72 ten thousand, debt is 2430.12 ten thousand yuan, with a net worth of 9497.60 to $ten thousand. Under the condition of the going-concern assumption, earnings method is used to determine the hundreds of fai shareholder rights and interests of all evaluation value is 31000.00 ten thousand yuan, more than book net assets value 21502.40 ten thousand yuan after the audit, increment rate of 226.40%.

For the deal, hundreds of fai commitment, the company in 2016, 2017, 2018 and 2019 after deducting non-recurring gains and losses attributable to the parent company of the owner of the net profits of not less than 23 million, 28 million, 3300 and 39 million respectively.

Autoart electronics, said before the deal was done, rolling mainly engaged in LED application products and financial electronic products development, production, sales and professional services; And hundreds of fai mainly engaged in the urban landscape lighting engineering construction and the related overall planning and design of landscape lighting engineering, lighting product development, production and sales business. Hundreds of fai, after the completion of this transaction will become a wholly owned subsidiary of autoart electronics.