Vail shares plans to acquire a 1.97% stake in Beijing Haowei for no more than 300 million shares.

Original title: Vail shares plans to acquire a 1.97% stake in Beijing Haowei for no more than 300 million shares, and enjoy a board of directors

According to the micro-network news, the acquisition of Beijing Haowei by Vail shares has made new progress. Recently, Vail shares announced that the company intends to acquire Shanghai Qingen Asset Management Partnership (limited partnership) in cash (hereinafter referred to as 'Shanghai Qing En') holds a 1.97% stake in Beijing Haowei Technology Co., Ltd. (hereinafter referred to as 'Beijing Haowei').

According to the announcement, Vail will sign a related equity transfer agreement with Shanghai Qingen after the relevant decision-making procedures have been reviewed and approved. The purchase price is expected to be RMB 2.6-300 million. As of now, the equity transfer agreement between the two parties has not yet been signed. I have not paid the money to Shanghai Qingen.

Shanghai Qingen will send a notice of equity transfer to other shareholders of Beijing Haowei after the relevant decision-making procedures have been completed and approved. This equity transfer does not enjoy the right of first refusal to other shareholders of Beijing Haowei.

In fact, this transaction is part of the strategic deployment of the company's acquisition of Beijing Haowei. Mr. Yan Renrong, the chairman of the company, is the main investor of Shanghai Qingen. Shanghai Qingen holds the amount of 25,560,575 US dollars invested by Beijing Haowei, accounting for The proportion of shares is 1.97%, which will also be transferred to Vail. According to the disclosure, Shanghai Qingen is the enterprise controlled by Mr. Yan Renrong, the actual controller of Vail. According to the “Guidelines for the Implementation of Related Transactions of Listed Companies” of the Shanghai Stock Exchange, The transaction between Shanghai Qing En shall be deemed to be a connected transaction.

At present, the board meeting of the Weir shares has reviewed and approved the “Proposal on the Company's Cash Acquisition of Partial Equity and Related Transactions of Beijing Haowei Technology Co., Ltd.”, and agreed to acquire the 1.97% stake in Beijing Haowei held by Shanghai Qingen in cash. .

Weir shares said that after the completion of the acquisition, the company will enjoy the appointment of a director of Beijing Haowei, which will help the company smoothly promote the company's acquisition of Beijing Haowei's equity asset restructuring transaction.

In order to successfully acquire Beijing Haowei, Vail shares also disclosed that the company's wholly-owned subsidiary, Hong Kong Vail, intends to acquire the seagull warfare A1 in cash, the seagull warfare C1, and the seagull warfare C1 international three companies held in Beijing. Haowei 1.9543% stake.

In addition to the Beijing Haowei acquisition case, Vail shares plans to acquire the stake of Beijing Sibike Microelectronics Technology Co., Ltd. (hereinafter referred to as 'Sibike'). On May 15, Vail shares issued a major asset restructuring suspension. Announcement, disclosure company plans to plan major asset restructuring, acquisition of Beijing Haowei, Sibike equity.

Beijing Haowei's main business is mainly carried out through its OmniVisionTechnologies Inc. (hereinafter referred to as 'American Howe'). The US Howard was originally listed as a NASDAQ company in the United States, and was privatized in early 2016 and became Beijing Haowei. A wholly-owned subsidiary. Howe is a leading provider of digital image processing solutions for the design, manufacture and sale of high-performance, highly integrated and cost-effective semiconductor image sensor devices with CameraChip and CameraCubeChip series of CMOS image sensing devices. The chip is widely used in consumer and industrial applications, including smartphones, notebooks, tablets, webcams, security surveillance, entertainment devices, digital cameras, camcorders, automotive and medical imaging systems.

On August 10, 2015, Sibike was officially listed and publicly transferred in the National SME Share Transfer System. The main business is the development and sales of image sensor chips. Sibike has been engaged in integrated circuit design business since its inception, focusing on Development and sales of CMOS image sensor chips for mobile Internet and IoT for smartphones, tablets, wearable devices, security surveillance, smart cars, medical imaging.

Weir shares said that in order to strengthen the company's layout of the integrated circuit industry at home and abroad, enhance its core competitiveness in the IC design field, accelerate the effective integration of industrial quality resources, further enhance the company's chip design and development capabilities, optimize customer structure, and expand sales channels. The target company has a high synergy with the company, which is conducive to further enhance the company's comprehensive strength, industry status and competitiveness, enhance sustainable profitability, and create more investment returns for shareholders.

Up to now, the specific matters involved in this major asset restructuring plan have not yet been finalized. Weil shares said that this major asset restructuring plan still requires in-depth communication, negotiation and confirmation between the company and the relevant parties. The company has been to the Shanghai Stock Exchange. The application for stocks will continue to be suspended from July 15, 2018. It is expected that the suspension will not exceed one month.

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