As early as the beginning of March this year, deep horse throws nearly 10.7 billion shares issued to buy assets and raise matching funds and related party transactions plan.Prepared that the company intends to the financial industry, AVIC, AVIC Shenzhen, AVIC Xiamen non-public offering of shares Purchase 100% equity of Xiamen Tianma and purchase 60% equity of Tianma Organic Light from non-public offering shares of Shanghai Gongtou and Zhangjiang Group with the assessed value of the subject assets of 10.685 billion Yuan at the same time, and raise funds of not more than 1.9 billion Yuan for investment Xiamen Tianma 6th generation of low temperature polysilicon (LTPS) TFT-LCD and color filter (CF) production line construction projects, docking mobile intelligent terminals, professional display and emerging market needs.
Then in September, Shen Tian Ma received the SAC's Reply on Issues Concerning Reorganization of Assets and Related Financing of Tianma Microelectronics Co., Ltd. and the SASAC agreed with the overall plan of the aforesaid assets reorganization and matching financing of Shenzhen Tianma.
As today (December 6) the Commission unconditionally through the issuance of shares of Shenzhen Tianma shares to buy assets and raise matching funds program, Shen Tianma formally completed the approval process, will open the assets reorganization and matching financing program .Shen Tianma in the TFT-LCD and AMOLED scale As well as the synergistic effect will be significantly enhanced, while its core competitiveness and industrial layout will be further enhanced.
However, the key equipment and raw materials in the field of high-end display are still mainly provided by Japan, South Korea, Europe and the United States.It is believed in the industry that through this restructuring, Shenzhen Tianma will further integrate the procurement and customer resources of listed companies and the target companies. On the one hand, The development of high-end display industry to provide more opportunities for collaboration for high-quality local upstream enterprises to provide a larger application platform; the other hand, with better service, higher performance products to further match the needs of downstream manufacturers, and Downstream high-quality local enterprises work together to speed up the improvement of the localization industry in mainland China.
Shen Tian Ma said that with the reorganization, with the full release of operation capacity of Shen Tian Ma and its affiliated subsidiaries, the Company will become the key panel enterprise with the sales income of more than 30 billion yuan and the production scale and market competitiveness in the world.
Through this restructuring, Shenzhen Tianma will control 100% stake in Xiamen Tianma and 60% stake in Tianma Organic Light, which will effectively shorten the decision-making chain between Shen Tian Ma and the target companies and enhance the ability of quick response, which will further enhance the profitability of the underlying companies .
Upon completion of this restructuring, Shenzhen Tianma will further integrate R & D, operation, procurement, marketing and customer resources of its subsidiaries, including Xiamen Tianma and Tianma Organic Luminescence, including the relevant experience of Tianma's 5th generation AMOLED production line at Wuhan Tianma is being built on the 6th generation AMOLED production line quickly copied, help Shentian Ma to maintain and further expand the lead, so as to accelerate the realization of the strategic goals of the world's leading companies in the field of display.