Siu Yi to be proposed 1.7 billion acquisition of innovative Simultaneous 100% stake in Shanghai Simultaneous

China Securities News Xintu easy to innovate March 1 evening notice, Siu Yi innovation to be 89.95 yuan / share issue of shares and payment of cash at a price of 1.7 billion acquisition of Shanghai Si Li Microelectronics Technology Co., Ltd. 100% stake in the same time to be Adopt the inquiry method to increase the matching fund-raising amount not to exceed 1.075 billion yuan, to pay for the transaction cash consideration, 14nm process embedded heterogeneous AI inference signal processor chip R & D project, 30MHz active ultrasonic CMEMS process and transducer development Project, intelligent human-computer interaction R & D center construction projects and to pay the transaction related intermediary costs.

Listed companies and the underlying companies are mainly engaged in the research and development of integrated circuit chips and their derivatives, technical support and sales of listed companies to NOR FLASH main products such as non-volatile memory chips and MCU-based MCU, the target company for A leading intelligent human-computer interactive solution provider in domestic market, the products are mainly based on next-generation intelligent mobile terminal sensor SoC chips such as touch chip and fingerprint chip.

The transaction will help listed companies to enrich their chip product line, expand customer and supplier channels, and form a complete system solution as a whole. The counterparty promised the target companies to postpone the audited non-post net profit in 2018, 2019 and 2020 The total profit should not be less than 321 million yuan. The company shares will resume trading on March 2, 2018.

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