Jiangsu Taiji Industrial released a notice on the evening of the 18th, saying that Tai Chi Industrial Co., Ltd. intends to joint wholly owned subsidiary of Wuxi Taiji International Trade Co., Ltd. to self-financed the acquisition of Information Industry Electronics Design Institute of Eleventh Technology Co., Ltd. (hereinafter: Eleventh Technology ) Of the shareholders, the remaining 12 natural person shareholders other than Tai Chi Industrial hold approximately 10.55% equity interest in Eleven Technology.
Among them, the Tai Chi Industrial proposed acquisition of Liu Shengchun, He Ping, Yao Wei, Xu Xianghua, Wang Yi Bo, Wang Mingrong, Yao Hong, Bai Yan, Wang Li, Wang Meng, Tang Liming 11.62% of total equity held by the technology, Cai Lihong holds about 0.33% stake in eleven science and technology.
It is worth mentioning that the trading price of the transaction of approximately 10.55% of the underlying shares was determined to be RMB586 million upon negotiation by all parties involved in the transaction. Meanwhile, there are no property rights, business, assets, claims and debts of 12 natural persons and Taichi International and Taichi Guomao , Personnel and other aspects of the relationship.
After the completion of the transaction, Taiji Industrial's shareholding in Eleventh Technology will be raised to approximately 99.68% and indirect shareholding will reach 100%.
According to the day eye investigation data show, 11 science and technology was established in January 16, 1993, the registered capital of about 5.45 billion yuan, is a professional engineering consulting, engineering design and engineering general contracting business of large integrated engineering services company, Major services in the electronic high-tech and high-end manufacturing, biomedicine and health care, municipal and road and bridge, logistics and civil construction, power, integrated services six major business areas.
After more than 20 years of development, Eleven science and technology has become the trusted brand of domestic and foreign customers. According to public information, Eleven science and technology branch offices are located in more than 30 provinces and autonomous regions throughout China. Customers include SMIC, Intel, LG, Lux, Siemens, Volkswagen, Philips, Lucent, Motorola, AnSmith, Samsung, Foxconn, ibm, DELL, Roche, Cargill, Covies and many other well-known companies.
According to the announcement data, as of the first three quarters of this year, the total amount of 11 science and technology assets was 10.93 billion yuan, the total owners' equity attributable to the parent company was 37.36 billion yuan, and the operating income from January to September in 2017 was 4.935 billion yuan and the net profit 3.06 100 million yuan.
Tai Chi said the acquisition of Tai Chi Industrial Technology, the remaining stake in the technology will help enhance the company's profitability and enhance the return to all shareholders, in the interests of the company and all shareholders.