The announcement disclosed that Black Bull Foods intends to pay cash for the purchase of shares in Jiangsu Weixin Display Technology Co., Ltd. ("Weixinnuo"), and the potential counterparty is Kunshan Guochuang Investment Group Co., Ltd., and Kunshan Yangchenghu Wenshang Travel Group Co., Ltd., Kunshan Venture Holdings Co., Ltd. At present, the specific trading plan has yet to be further clarified. At the same time, Visionox is a state-owned holding company, and the acquisition must be approved by the competent authority in advance.
As early as August 2011, Visionox announced the official launch of the AMOLED industrialization project and plans to invest in and construct an AMOLED production line of more than 4.5 generations, which will be put into production in 2013. Visionox has become a self-designed PMOLED in China. AMOLED production line of panel companies.
At the same time, Black Bull Foods also issued an announcement that Guoxian Optoelectronics planned to purchase the equity of Kunshan Visionox Display Technology Co., Ltd. The potential counterparties are Xinguan International Co., Ltd. and Guanjing Holdings Co., Ltd.; Some of the entire stocks of Kunshan Visionox Technology Co., Ltd., and the potential counterparty, are one of the former shareholders of Kunshan Visionox Technology Co., Ltd., Shenzhen Qianhai Yongxu Investment Management Co., Ltd. or its subsidiaries.
At present, the above specific trading plan still needs to be further clarified. The transaction consideration is intended to be paid in cash, which will not result in the change of the company's control rights and does not constitute a re-listing.
Not long ago, the production line of 6th generation AMOLED panel production line project in Hebei Gu'an Food Co., Ltd., which was invested and built by Black Bull Foods, started operation. This production line construction project is one of the non-public issuance and investment projects of black bull food, and it is currently progressing steadily under the plan. The production capacity of the production line is 30,000 pieces/month. The main production products cover smart wear, mobile phones (including folding mobile phones), VR display and professional display applications.