After years of hard work in the market of traditional flame retardants, Wansheng shares the spotlight on the semi-conductive industry that the country has greatly supported the development of .In the end of 2017, Wansheng Co., Ltd. announced that it will acquire the mother of Silicon Valley Mixed-Signal Design Co., Ltd., a high-performance digital- Company Jiang Xin core.
On December 13, 2017, the Company released the revised restructuring plan and proposed to raise RMB 3 billion to acquire a 100% stake in Jiangxin Zhixin through the issuance of shares. According to the information, Jiang Xinxin was established in September 2016 as Acquisition of Silicon Valley Dummy and Specially Acquired Entities Silicon Valley Dresser is a semiconductor company registered in the Delaware state of the United States and has been dedicated to the research and development of high performance analog and mixed signal semiconductors since the founding of the People's Republic of China and has strong experience in the field of digital multimedia and communications The technical heritage and experience accumulated, especially in the high-speed, low-power image and data transmission and conversion technology has the leading technical advantages.
It is precisely because of the Silicon Valley in the USB Type-C port control chip, display interface conversion chips, display panel timing controller and other products on the advantages of April 2017, the National Integrated Fund invested 660 million yuan to gain the knowledge of this 20 % Of the shares.
In order to demonstrate its confidence in the future development, it is with great delight that Ben commits itself to future performance: 130 million in 2018, 267 million in 2019 and 372 million in 2020.
Although outsiders questioned the negative profitability of the company's cross-border mergers and acquisitions in previous years, the company's finance department said the negative profit was mainly due to the preference shares. Since its establishment in March 2002 to March 2017, During the acquisition, Silicon Valley issued a total of six batches of preferred stocks.According to the US accounting rules, preference shares are measured as equity instruments, and according to domestic accounting rules, preference shares are recognized as the fair value of the changes included in the calculation Profit and loss of the current financial liabilities.Therefore, taking into account differences between the accounting rules of China and the United States, the impact of preferential shares of the Jiangxin know the simulated financial statements does not truly reflect the core of the business (the actual operating entity for the Silicon Valley) mode of operation.
The person in charge of the company said that he had no doubt that during the scale of the acquisition, all the original shares of Silicon Valley had been written off. Therefore, the differences and adjustments in the measurement of preferred shares would not negatively affect the future financial and financial statements Since then, Silicon Valley Digital will become the company's new business growth point, significantly improve the company's profitability and enhance shareholder returns. "