Dehao Runda announced yesterday that after further research and demonstration, the company believes that the LED lighting manufacturing business is more in line with the overall layout of the company's future industrial development, so it decided to start the merger of a certain LED lighting manufacturing assets, and terminate the planned acquisition of LEDs. Major equity acquisition of lighting distribution companies.
Plans to acquire LED lighting manufacturing business
Since the 2 billion yuan increase last year, Dehao Runda has accelerated its LED business layout. As early as 2015, Dehao Runda planned to increase the number of projects, and planned to use the fixed capital to carry out the layout of the LED business. The first plan was planned to increase by 4.5 billion yuan, which was affected by the capital market environment. In 2016, Dehao Runda changed its plan and reduced the fixed amount to 2 billion yuan, but it did not get the approval of the CSRC until last April.
From the specific use of funds raised by Dehao Runda, 1.5 billion yuan is used for LED flip chip projects, and 500 million yuan is used for LED chip-level packaging projects. On January 10 this year, Dehao Runda announced that it plans to Cash acquisition of 13.7% of the shares of èšŒåŸ ä¸‰é¢ Semiconductor Co., Ltd. (hereinafter referred to as â€œèšŒåŸ ä¸‰é¢åŠå¯¼ä½“â€) held by èšŒåŸ åŽè¾°èƒ½æºæŠ€æœ¯æœåŠ¡æœ‰é™å…¬å¸ (hereinafter referred to as â€œèšŒåŸ åŽè¾°â€), the price of the equity acquisition is 300 million yuan . According to the data, the company's main research and development, production, sales and technical consulting services for LED chips.
Previously, Dehao Runda had held a 68.493% stake in Sanken Semiconductor, and for the purpose of further acquisition of shares, Dehao Runda said that Sanken Semiconductor is the main body of the LED flip chip project for the company's fundraising projects. And this project plays an important role in the future development of the company. The company's purchase of its 13.7% stake will further enhance its control over Sanken Semiconductor.
According to the company's announcement yesterday, this time the planned acquisition of the LED lighting distribution company's major equity acquisition, the decision to start the acquisition of a certain LED lighting manufacturing assets.
Cross-border LED performance is not satisfactory
Judging from the performance management of Dehao Runda, since the cross-border LED industry in 2009, the formation of “small household appliances + LED†double main business pattern, the performance is not satisfactory. In the first three quarters of last year, Dehao Runda also suffered the first loss. And it is estimated that the annual net profit loss will be 100 million yuan to 150 million yuan, a year-on-year decrease of 415.26% to 572.89%.
The weak performance also caused the stock price in the secondary market to be frustrated again and again. On January 16, Dehao Runhao disclosed that the trading process on December 28, 2017 had touched the flat of the pledged shares of the controlling shareholder Dongguan Wuhu Dehao Investment Co., Ltd. The warehouse line is 4.3 yuan, and the closing price before the suspension on December 29 is only 4.36 yuan / share.
From this point of view, Dehao Runda officially suspended trading on January 2 this year, announced the start of the acquisition, has been suspended for nearly two months, Dehao Runda said that the company is seeking to disclose the restructuring plan before February 26, According to the reorganization and promotion situation, it is determined whether to apply for deferred resumption of trading. The company has not filed an application for deferred resumption of trading or the application for deferred resumption of trading has not been approved by the Shenzhen Stock Exchange. The company's shares will resume trading on the opening of the market on February 26, 2018.
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