As of the signing date of this report, the equity structure of the target company is as follows:
According to the disclosure, the basic transaction value of the transaction is 299.50 million U.S. dollars, and the final purchase price will be adjusted in accordance with the transaction price adjustment mechanism as stipulated in the Share Purchase Agreement, using the U.S. dollar to RMB exchange rate issued by the People’s Bank of China at the end of December 2017 in Beijing time. The median price is calculated at US$1 to RMB6.5342, and the basic transaction consideration is equivalent to RMB1.911 billion.
The transaction will be Dongshan Precision Hong Kong subsidiary to purchase 100% equity of Mauritius Chaoyi, 100% equity of BVI Delire Technology, 71.06% equity of Zhuhai Chaoyi Technology, 44.44% equity of Zhuhai Chaoyi Electronics, and 35.63% equity of Hong Kong Chaoyi. Zhuhai Chaoyi Industrial, a 15.09% stake, Zhuhai Deli Technology Co., Ltd. achieved a settlement of 7.04% equity.
After the completion of the acquisition, Dongshan Precision will directly or indirectly hold 100% equity in Zhuhai Chaoyi Electronics, Zhuhai Chaoyi Technology, Zhuhai Chaoyi Industry and other 11 companies. The target company's shareholding structure is as follows:
FLEX is a listed company of NASDAQ in the United States. Headquartered in Singapore, it is a world-renowned electronic manufacturing service provider, providing integrated services from conception to scale production (SketchtoScale), including creative design, industrial design, and product manufacturing. Supply chain services and overall solutions, etc., with more than 100 subsidiaries in more than 30 countries around the world, the business involves communications, automotive, networking, medical, energy and other 12 industries.