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Chuanyi Technology intends to acquire a 35% stake in Shengfan Electronics, which will benefit the company's high-end PCB project construction

Chuanyi Technology intends to acquire a 35% stake in Shengfan Electronics, which will benefit the company's high-end PCB project construction

  • Categories:Industry News
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  • Time of issue:2020-03-24 15:42

Chuanyi Technology intends to acquire a 35% stake in Shengfan Electronics, which will benefit the company's high-end PCB project construction

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-24 15:42
  • Views:0
Source: Printed Circuit Information
 
On the evening of March 22nd, Chuanyi Technology announced that the company plans to acquire Jiangsu Shengfan Electronic Technology Co., Ltd. (hereinafter referred to as "hereinafter referred to as" Xu Kang and Gaoyou Qixiang Intelligent Technology Department (Limited Partnership) at a consideration of RMB 1 each. Shengfan Electronics ") 20%, 15% equity. After the completion of this equity acquisition, Shengfan Electronics will become a wholly-owned subsidiary of the company.
 
In view of the implementation of Shengfan Electronics ’fundraising project for the company ’s 2019 non-public issuance of stocks, an annual output of 180,000 square meters of mid- and high-end printed circuit board construction projects, in order to better protect the interests of listed companies and small and medium shareholders, after friendly After negotiation, the company intends to further enhance the company's control of Shengfan Electronics and optimize Shengfan Electronics by acquiring 20% ​​and 15% equity of Shengfan Electronics held by Xu Kang and Gaoyou Qixiang Intelligent Technology Department (Limited Partnership) Equity structure.
 
After the completion of the acquisition, the former minority shareholders of Shengfan Electronics (including the partners of Gaoyou Qixiang Intelligent Technology Department (Limited Partnership)) will continue to serve in Shengfan Electronics. The acquisition of minority shareholders' equity of Shengfan Electronics is in line with the company's overall development strategic plan, and is conducive to the company's construction and implementation of "annual output of 180,000 square meters of high-end printed circuit board construction project".
 
The reporter learned that Shengfan Electronics was established as a subsidiary of Chuanyi Technology for the implementation of the 2019 annual non-public offering of shares raised capital investment project "annual output of 180,000 square meters of high-end printed circuit board construction project." The company has invested in the construction of the above-mentioned projects in advance with its own funds. Up to now, the plant decoration, reinforcement and various engineering projects involved in the above-mentioned projects are in the process of construction. Some equipment purchases have been completed. Supplier selection and contract signing have been completed. The project construction progress is normal.
 
【Printed Circuit Information】 According to the Securities Daily and the financial community
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