Announced that the company since July 25 this year, suspended from the relevant parties on the matter to further negotiations and communication, the demonstration, the company intends to plan a major acquisition is expected to constitute a major asset restructuring, and in August 8, 2017 entry Significant asset reorganization procedures The pre-planning period for major events was included in the period of major asset reorganization, which was due on July 25, 2017.
The acquisition of the major assets of the acquisition of Wotai Tong is an electrical machinery and equipment manufacturing enterprises, the controlling shareholder of Shenzhen City Langtai Electronics Co., Ltd., the actual control for Deng Zhirong. Transactions and prices and other key terms are still in consultation, Not yet confirmed.
Data show that Wotai established in 2015, is a specialized in the production of automotive power battery business, specializing in the production of environmentally friendly lithium iron phosphate battery, the products used in electric buses, electric trucks and other new energy vehicles and energy storage devices. Thousands of miles is based on precision optical electromechanical imaging + bionic intelligent algorithm, the development of high-end electronic video products, the current security has become a field of electronic video technology to master a more comprehensive enterprise, product applications have covered car video, special video, Civil video, commercial video, security video, intelligent video and other fields, and released a variety of security thousands of miles to fight VR mobile phone.
"Since the suspension of the company, the company will actively promote the major asset reorganization work with the intermediary and the counterparty, and carry out in-depth due diligence and research and demonstration on the details of the underlying assets and the details of the reorganization plan. Matters of communication with counterparty.
However, during the suspension period, Bao Qianli, chairman of Zhuang Min and other executives due to the listing of self-made false agreement was ordered by the Commission to correct, Zhuang Min and impose a fine of 600,000; another Zhuang Min 35.07% of the shares have been all frozen by the court, There may be a stock disposal caused the company to control the change, resulting in the major asset restructuring there is a large uncertainty.
October 16, Paul received a "judicial suspension of justice and judicial transfer notice" and the Guangdong Provincial Higher People's Court to assist in the implementation of the notice.Guangdong Provincial Higher People's Court to assist the implementation of the notice shows that the law on the transfer of shares in the case, Guangdong Provincial Higher People's Court (2017) Guangdong Finance Insurance 15 civil ruling has been effective, due to pre-litigation property preservation, the company's controlling shareholder and the actual controller Zhuang Min holdings of shares held by the company 854,866,093 shares (accounting for the total Equity of 35.07%), the Guangdong Provincial Higher People 's Court to implement judicial freeze.
The Company is in the process of verifying the results and the Company will fulfill its obligation of information disclosure in a timely manner, as the Company's controlling shareholder and actual controller, Mr. Zhuang Min, have made significant changes in the objective conditions of the shares held by the Company. Prior to this, Zhuang Min has been written to the Board of Directors to submit a written resignation report, resigned from the office of chairman of thousands of miles, and has entered into force.