Helen Zhe plans to acquire giant energy giant to enter the field of LED power supply

With the acquisition of Giant Energy, Helenzhe's main business will expand the former special-purpose vehicle to the LED driver power supply field, and the company is expected to achieve "two-wheel drive".

Helenzhe announced today that it intends to purchase 100% equity of Jueneng Weiye held by three people, such as Yin Yejun, through the issuance of shares and payment of cash, and to raise matching funds. The consideration for the transaction was 72 million yuan, of which 18 million yuan was paid in cash, and the remaining 54 million yuan was paid to the counterparty at a price of 5.53 yuan per share.

Giant Energy is mainly engaged in the research and development, production, sales and service of various types of LED driver power supplies and related products. The products are mainly used in LED display and LED lighting in the fields of street lamps, gardens, communications and so on. In addition, Juenergy Weiye has the right to drive the core components of the LED display driver IC and control system technology and software. The industrialization of these technologies will further enhance the profitability and comprehensive service capabilities of Giant Energy.

The counterparty promised that Ju Neng Weiye's non-net profit for 2014 to 2017 will be no less than 8.5 million yuan, 20 million yuan, 26 million yuan and 33.8 million yuan, respectively, totaling not less than 88.3 million yuan. If the actual profit is lower than the above promised profit, the counterparty will compensate according to the provisions of the Profit Forecast Compensation Agreement. The compensation agreement also stipulated that after the successful acquisition, Helenzhe plans to increase the capital of the target company by 34.8 million yuan.

Helenzhe said that the company's customers are concentrated in the power, municipal, fire, garden, petrochemical, communications and other industries. Giant Energy is a comprehensive service provider of LED drive power, and its products are mainly used in LED display and LED lighting in street lamps, gardens, communications and other fields. Most of the company's customers are LED lighting equipment, especially the end customers of high-power LED driving power equipment, so the company has a certain customer synergy effect with Giant Energy.

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