November 30, Shen Tianma issued a notice that the company received the SFC on November 29 notice, the Commission will organize a restructuring of the Commission held a working meeting recently to review the issuance of shares of Shen Tianma to buy assets and raise matching funds and related party transactions At present, the matter has been approved by the SASAC of the higher level department.
Shen Tian Ma issued a few months ago to issue shares to raise assets and raise matching financing plan, that Shentian Ma intended to Jincai Industry, AVIC International, AVIC Shenzhen, AVIC Xiamen non-public offering of shares to buy 100% stake in Xiamen Pegasus, Shanghai Industrial Investment , Zhangjiang Group non-public offering of shares to buy 60% stake in Tianma Organic Light.
The valuation of all shareholders 'equity of Xiamen Tianma is RMB10,452,506,800; the evaluation value of all shareholders' equity of Tianma Lilian is RMB 1,094,834,300 and the evaluation value corresponding to 60% equity of Tianma Lilian Group is RMB656,900,600. Pursuant to the agreement, Xiamen Tianma 100 % Stake for the price of 1,045,250.68 million, Tianma 60% stake in organic light price of 656,960,600 yuan.
Prior to the completion of this transaction, Shen Tian Ma did not hold any equity interests in Xiamen Tianma and owned a 40% equity interest in Tianma Organic Luminescence through its wholly-owned subsidiary, Shanghai Tianma. Upon completion of the transaction, Shen Tian Ma will directly hold 100% equity interest in Xiamen Tianma, Holds 60% equity interest in Tianma Organic Glory and holds 40% equity interest in Tianma Organic Glory via Shanghai Tianma.
At the same time, Shentian Ma planned to raise funds for non-public issuance of shares to not more than 10 specific investors to raise a total of not more than RMB1,000,000 of matching funds. After raising matching funds, the funds will be used for the 6th generation of low temperature polysilicon (LTPS) TFT-LCD and color filter (CF) production line construction projects.
Xiamen Tianma and Tianma organic light-emitting panels where the display industry is technology-intensive industries, including LTPS technology as a new display industry, the main terminal upgrade technology path, and LTPS technology is the most important AMOLED backplane drive technology, as early as 2014 Xiamen Tianma LTPS technology in the first to break the industry monopoly.
In the field of LTPS, Xiamen Tianma's 5.5th-generation LTPS production line was put into operation in 2014, representing the domestic display panel companies to break the international monopoly in the field of LTPS applications. At the same time, this production line is also the first LTPS production line in China to achieve full production and full sales. Pegasus 6th generation LTPS production line to achieve the first light in mainland China and mass production delivery, is the first in mainland China lit LTPS production line and the highest generation line.
At present, only a few companies such as Xiamen Tianma, BOE and Huaxing Optoelectronics have LTPS production lines in operation, among which Xiamen Tianma customers include Asustek, Xiaomi, HTC, NOKIA and Lenovo.
In the field of AMOLED, Shanghai Tianma invested and built the first 4.5-generation AMOLED Pilot Line in China in 2010, drawing on the experience of Shanghai Tianma AMOLED Pilot Line in 2013, Tianma has invested in the construction of a 5.5th-generation AMOLED production line with organic light, Production started in 2016 and reached production in October 2017.
At present, only a few AMOLED production lines have been put into operation in the domestic display panel enterprises, such as Shanghai Tianma, Tianma Organic Luminescence, Wuhan Tianma, Huifeng, Visionox / Guodian Optoelectronics and BOE, among which Tianma Organic AMOLED production line has moved to mobile Intelligent terminal brand production and shipment of large customers.
Once the SFC has approved the deep-horse issue shares to buy assets and raise matching financing plan, Shenzhen Tianma will hold 100% stake in Pegasus, Tianma organic light will also become a deep Tianma controlling subsidiary, deep Tianma in the scale and synergies Ability will significantly increase, at the same time with its core competitiveness and industrial layout, is expected to the world's top small and medium-size panel makers to launch the impact.People said that according to "Listed Companies Major Asset Restructuring Measures" and other relevant laws and regulations, The Company applied to the Shenzhen Stock Exchange for suspension of trading of the shares of the Company from Thursday, November 30, 2017 until the Company received notice of the result of the merger and reorganization commission from the CSRC and resumed trading.
November 30, Shen Tianma issued a notice that the company received the SFC on November 29 notice, the Commission will organize a restructuring of the Commission held a working meeting recently to review the issuance of shares of Shen Tianma to buy assets and raise matching funds and related party transactions At present, the matter has been approved by the SASAC of the higher level department.
Shen Tian Ma issued a few months ago to issue shares to raise assets and raise matching financing plan, that Shentian Ma intended to Jincai Industry, AVIC International, AVIC Shenzhen, AVIC Xiamen non-public offering of shares to buy 100% stake in Xiamen Pegasus, Shanghai Industrial Investment , Zhangjiang Group non-public offering of shares to buy 60% stake in Tianma Organic Light.
The valuation of all shareholders 'equity of Xiamen Tianma is RMB10,452,506,800; the evaluation value of all shareholders' equity of Tianma Lilian is RMB 1,094,834,300 and the evaluation value corresponding to 60% equity of Tianma Lilian Group is RMB656,900,600. Pursuant to the agreement, Xiamen Tianma 100 % Stake for the price of 1,045,250.68 million, Tianma 60% stake in organic light price of 656,906,600 yuan.
Prior to the completion of this transaction, Shen Tian Ma did not hold any equity interests in Xiamen Tianma and owned a 40% equity interest in Tianma Organic Luminescence through its wholly-owned subsidiary, Shanghai Tianma. Upon completion of the transaction, Shen Tian Ma will directly hold 100% equity interest in Xiamen Tianma, Holds 60% equity interest in Tianma Organic Glory and holds 40% equity interest in Tianma Organic Glory via Shanghai Tianma.
At the same time, Shentian Ma planned to raise funds for non-public issuance of shares to not more than 10 specific investors to raise a total of not more than RMB1,000,000 of matching funds. After raising matching funds, the funds will be used for the 6th generation of low temperature polysilicon (LTPS) TFT-LCD and color filter (CF) production line construction projects.
Xiamen Tianma and Tianma organic light-emitting panels where the display industry is technology-intensive industries, including LTPS technology as a new display industry, the main terminal upgrade technology path, and LTPS technology is the most important AMOLED backplane drive technology as early as 2014 Xiamen Tianma LTPS technology in the first to break the industry monopoly.
In the field of LTPS, Xiamen Tianma's 5.5th-generation LTPS production line was put into operation in 2014, representing the domestic display panel companies to break the international monopoly in the field of LTPS applications. At the same time, this production line is also the first LTPS production line in China to achieve full production and full sales. Pegasus 6th generation LTPS production line to achieve the first light in mainland China and mass production delivery, is the first in mainland China lit LTPS production line and the highest generation line.
At present, only a few companies such as Xiamen Tianma, BOE and Huaxing Optoelectronics have LTPS production lines in operation, among which Xiamen Tianma customers include Asustek, Xiaomi, HTC, NOKIA and Lenovo.
In the field of AMOLED, Shanghai Tianma invested and built the first 4.5-generation AMOLED Pilot Line in China in 2010, drawing on the experience of Shanghai Tianma AMOLED Pilot Line in 2013, Tianma has invested in the construction of a 5.5th-generation AMOLED production line with organic light, Production started in 2016 and reached production in October 2017.
At present, only a few AMOLED production lines have been put into operation in the domestic display panel enterprises, such as Shanghai Tianma, Tianma Organic Luminescence, Wuhan Tianma, Huifeng, Visionox / Guodian Optoelectronics and BOE, among which Tianma Organic AMOLED production line has moved to mobile Intelligent terminal brand production and shipment of large customers.
Once the SFC has approved the deep-horse issue shares to buy assets and raise matching financing plan, Shenzhen Tianma will hold 100% stake in Pegasus, Tianma organic light will also become a deep Tianma controlling subsidiary, deep Tianma in the scale and synergies Ability will significantly increase, at the same time with its core competitiveness and industrial layout, is expected to the world's top small and medium-size panel makers to launch the impact.People said that according to "Listed Companies Major Asset Restructuring Measures" and other relevant laws and regulations, The Company applied to the Shenzhen Stock Exchange for suspension of trading of the shares of the Company from Thursday, November 30, 2017 until the Company received notice of the result of the merger and reorganization commission from the CSRC and resumed trading.
