Yuanfang Optoelectronics plans to acquire LED equipment vendors for no more than 65 million yuan

As for the planning of major events, Yuanfang Optoelectronics (300306), which has been suspended since January 3, announced on the evening of January 8 that the company or a wholly-owned subsidiary intends to acquire Photovoltaic Equipment (Shenzhen) Co., Ltd. with a super-raised fund of no more than RMB 65 million. Fixed assets and intangible assets referred to as “Advanced Optoelectronics”. The company is mainly engaged in the R&D, production and sales of LED solid crystal machines and other equipment. The company's main business is in the LED industry.

The company said that if the transaction is completed, it will help the company expand its LED-related business and enhance its ability to develop and manufacture LED core equipment, in line with the company's future development strategy.

The announcement shows that Advanced Optoelectronics is mainly engaged in LED solid crystal machines, mechanical and electrical products, and engaged in the import and export of goods and technology (excluding distribution). The registered place is 101, Building 1, No. 3, Yibang Industrial Zone, Baoan Community, Henggang Street, Longgang District, Shenzhen. The registered capital is 800,000 Hong Kong dollars, and the legal representative is Liang Guokang.

In 2012, Advanced Optoelectronics realized sales income of 3,364.46 million yuan and net profit of -1,147,400 yuan. As of December 31, 2012, the total assets were 590.503 million yuan, including 12.78 million yuan in inventory and 12.38 million yuan in fixed assets. At present, 35 patents have been applied, including 6 invention patents; 27 patents have been granted, including 4 invention patents. And won the title of high-tech enterprises, Shenzhen famous brands.

According to the announcement, the acquisition transaction refers to the acquisition of fixed assets and intangible assets owned by Advanced Optoelectronics (including but not limited to inventory, equipment, trademarks, patents, technical drawings, etc.). The purchase price will be based on the results of audit reports and evaluation reports. The two sides will confirm after consultation and approval. The credit, debt and guarantees of Advanced Optoelectronics have nothing to do with the company.

In the 2012 annual report, Yuanfang Optoelectronics said that with the continuous expansion of the LED lighting industry, the continuous improvement of product performance requirements and the increasingly urgent development of new products, the demand for LED and lighting inspection equipment will also increase, and the performance of corresponding testing equipment will be increased. The requirements will also be higher and higher. In the future, the company will actively seek out outstanding and potential peers and conduct mergers and acquisitions in a timely manner to promote the company's rapid expansion of industry scale and increase the company's revenue level. At the same time, make full use of the existing super-raised funds, develop new industry directions, and explore the company's development space.

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