Lianchuang Optronics Intends To Transfer 51% Of The Equity Of Its Subsidiary For 51 Million Yuan

- Mar 03, 2019-

Yesterday (27) evening, lianchuang photoelectric issued on 51 percent of the transfer of wholly-owned subsidiary shares and related transactions notice.

According to the announcement, lianchuang optronics intends to transfer 51% of the equity of its wholly-owned subsidiary Shanghai lianxuan electronic technology co., LTD. (hereinafter referred to as "lianxuan electronics") to Shanghai yihong investment management co., LTD. (hereinafter referred to as "yihong investment").

The company said that since lianxuan electronic has not carried out actual business since its establishment, the transaction price is calculated according to the registered capital of lianxuan electronic (i.e., 10,000 yuan), and the transaction price of 51% equity transfer of lianxuan electronic is determined to be 51 million yuan through friendly negotiation, and the transfer price shall be paid in cash.

At the same time, given that yihong investment is the enterprise controlled by Mr. Deng kaiyuan, Mr. Deng kaiyuan holds 5.89% of the shares of the company, according to relevant regulations, this transaction constitutes a connected transaction.

Data show that united Xuan engaged in electronic science and technology in the field of technology development, technology consulting, technology services, technology transfer, electronic components, electronic products, communications equipment, machinery and equipment, computer, software and auxiliary equipment (in addition to the computer information system security products) sales, computer system services (except) of Internet access services, industrial investment, investment management, asset management, investment consulting, corporate management consulting, business consulting, e-commerce;

Engaged in import and export of goods and technologies, third-party logistics services.

In addition, yihong investment business scope includes: investment management, investment consulting, business consulting, business management consulting, marketing planning.

Lianchuang electronics said that the transfer of shares is conducive to the listed company to further optimize the allocation of resources, in line with the company's overall business strategy.

This transaction will lead to changes in the scope of the company's consolidated statements. After the completion of the transaction, lianxuan electronic will no longer be included in the scope of the company's consolidated statements, but it will not cause significant changes in the company's financial situation and business performance in the current period, and will not have adverse effects on the company's daily operations.