Leader photoelectric to be 500 million acquisition of optics, into the field of optical military

Set micro-grid news, suspended for several months Leader Optoelectronics disclosed a merger and reorganization plan recently, the company intends to issue shares to buy weapons and equipment group held in Henan Optical Group Co., Ltd. (referred to as 'Optics') 100% stake in the provisional price For 503 million at the same time intended to not more than 10 specific objects of non-public offering of shares to raise matching funds does not exceed 351 million .Large, prior to planning a major reorganization, Leader Optoelectronics shares suspended since September 8 last year.

According to the disclosure, after preliminary assessment, the estimated value of 100% equity of Zhongguang Optics is RMB 503,076,400, but as of the signing date of this plan, the assessment of the underlying assets has not yet been completed.

Optical focus on optical and optoelectronic systems integration technology development, with all kinds of optical system solutions and core product design and development and manufacturing capabilities, products include optical defense products and photoelectric civilian products, with civilian business and weapons research and production licenses Engaged in the military business-related qualifications.

Leader Optoelectronics said that through the transaction, the company will quickly enter the field of downstream optoelectronic and military fields, significantly reduce the company R & D costs, shorten the time for the company to apply for military qualifications.

Upon the completion of this transaction, China Optics will become a wholly-owned subsidiary of the listed company. The scale of assets and business scope of the Company will be expanded. As a result of the synergies brought by the consolidation, the profitability and core competitiveness of the Company will be enhanced.

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