According to the announcement, the company expects to use its own capital of USD 15 million to increase the capital of the wholly-owned subsidiary, Peak Technology (Hong Kong) Co., Ltd. ("Peak Hong Kong") by way of cash contribution. The acquisition made a 100% stake in Germany limited liability company, the investment price includes the transfer price of 9 million euros net reduction of operating funds (8,686,734.12 euros), and the reservation of 1.5 million US dollars in equivalent parts of the euro.
After the increase in investment, the total investment of TopDict in Hong Kong was changed to 16,419,000 U.S. Dollars (including the previous investment of 1,419,000 U.S. Dollars). At present, the Board of Directors of Huntingtech has agreed to increase the capital increase.
It is understood that the acquisition of the German standard limited liability company (German name: CommsolidGmbH) is a cellular IP company, for the growing market for the Internet of things leading ultra-low power solutions.This market requires highly optimized and easy to integrate NB-IoT standard communications solution, and the fact that highly integrated, low-power solutions enable rapid adoption in the IoT market such as healthcare, smart home, transportation, logistics systems or industrial applications.
The top science and technology said that this foreign investment is mainly used to enhance the company's industrial structure in the Internet of Things, speed up the NB-IoT related product development process to further enhance the overall competitiveness of the company for its long-term and stable development of strong support, in line with the company Development plan, will not adversely affect the company's financial and operating conditions.
In addition, the exchange of technology issued a notice at the same time, said the board of directors on January 28 received the company shareholder Zhang Fan's nomination, the proposed nomination of Mr. Gao Songtao as a non-independent directors of the company; February 1 the second session of the Board considered and agreed to increase Mr. Gao Songtao is the non-independent director of the second board of directors of the Company.
It is reported that Gao Tao-tao was elected director of the National Fund for professional management companies - Huaxin Investment Management Co., Ltd. Vice President of November 22 last year, according to the exchange of science and technology disclosure, the company's shareholders' Remittance International 'and' Remittance Investment ", will be the National Fund total transfer 3020 shares of company shares, accounting for 6.65% of the company's total share capital, the transfer price of 93.69 yuan / share, a total of about 2.829 billion yuan .After the completion of the transaction, the National Grand Fund will become the top science and technology The fourth largest shareholder.
However, after Gao Songtao has been elected as the non-independent director of the second board of the summit, it will also mean that the National Grand Fund will formally settle the board of directors of Huiding Science and Technology.
Attached to Mr. Gao Songtao Resume:
Gao Songtao, male, born in June 1970, a member of the Communist Party of China, graduated from the University of Electronic Science and Technology of Radio Technology, major in defense economics of Renmin University of China, dual master's degree in business administration of the University of Hong Kong, senior engineer. December 2009 to August 2011 Deputy Director and Assistant Director of Software and Integrated Circuit Promotion Center, Ministry of Industry and Information Technology; Deputy Director, China Electronics Industry Science and Technology Exchange Center (Software and Integrated Circuit Promotion Center, MIIT) from August 2011 to January 2014 He was Vice President of Huaxin Investment Management Co., Ltd. in December 2014 and a director of Beijing Beidou SingTel Navigation Technology Co., Ltd. in August 2016. He is currently a director of Beijing Beidou SingTel Navigation Technology Co., Ltd., and a director of Huaxin Investment Management Co., Ltd. Company vice president.