Three Ann photoelectric 11 morning announcement, the company a wholly owned subsidiary of xiamen three Ann integrated circuit co., LTD. (hereinafter referred to as the "three integration company") with its own currency funds total $226000000 deal price merge the British cayman islands business huanyu communication semiconductor holdings co., LTD. (hereinafter referred to as "GCS" or "huanyu company"), get the GCS to fully diluted basis to calculate all equity, including but not limited to outstanding common stock (including restrictions on employees' rights to new shares), convertible bonds issuing shares after full conversion and the total number of employee stock options, issuing shares, the two sides signed the "letter of intent". The two sides agreed on March 31, 2016, according to this letter of intent agreed the deal price and agree to the terms of the two sides further consultation signed a merger agreement.
Huanyu company was founded in 1997 in California torun, the contact listed in Taiwan over-the-counter gretai, mainly engaged in gaas/indium phosphide higher-order rf/gallium nitride and photoelectric element compound semiconductor wafer manufacturing contract, relevant intellectual property licensing and optoelectronic products research, development, manufacture and sale of the business, from product concept, technology research and development, product trial-produce to full service.
In addition to its own process technology, huanyu company also provide whole plant input service, include process of technology transfer, validation, product trial-produce to service. Huanyu company contract end USES broad range of products, include communication, electric power, medical, industrial and aviation. Companies worldwide two major product line in radio frequency (rf) wafer foundry, end use of product is mainly suitable for mobile communication base stations and related infrastructure of the radio frequency required rf switch power amplifier, voltage controlled oscillator, and related rf components, in terms of photoelectric wafer foundry, product end use for the telecom network, data network, optical fiber user related optoelectronic devices. Through nearly 20 years of technical product tired, huanyu company has complete advanced production processes, technology leader in the trade.
Company believes that the investment combination of GCS in line with the company development plan layout, after the completion of the merger, can quickly drive three security across the radio frequency communication and optical communication components technology and patent platform, advanced international management idea, the vast networks of international customers with the company's existing business technology and complementary capacity, integrated circuit for the company quickly improve technical ability, develop a new business scope and to develop markets at home and abroad to provide a strong guarantee; To speed up the development of the company's business of integrated circuit process, expand the business scope and scale, improve the level of corporate profits, enhance company's core competition force, as soon as possible benefit return for shareholders.
