Ganzhao Optoelectronics (300102) announced on the evening of June 9 that the company terminated the planning of major asset restructuring, and the company's shares resumed trading since the market opened on June 10. The company promised not to plan major asset restructuring matters within 6 months from the date of termination of this major asset restructuring and stock resumption.
Under the premise of grasping the development trend of the LED industry, the company has decided to implement the development strategy of entering the LED blue-green optical chip field. While actively planning its own LED blue-green optical chip project, the company decided to actively adopt mergers and acquisitions to achieve epitaxial growth. The company had previously planned a major asset restructuring, which is to find a company with certain technical strength, customer base and competitive strength in the field of LED blue-green optical chips, hoping to have synergy with the company.
The company said that in order to ensure the smooth implementation of the issue of assets purchased by the company, the company and the intermediaries combined with the preliminary results of the due diligence of the target company, and actively negotiated with the relevant parties, and conducted in-depth discussions and communication on the terms of cooperation. In the end, it was still unable to reach an agreement on the relevant important transaction terms. Taking into account the implementation costs and potential risks of the issue of assets purchased by the company, the company decided to terminate the implementation of the matter from the perspective of protecting the interests of the company and all shareholders.
Ganzhao Optoelectronics said that at present, the company's development strategy for entering the blue-green optical chip has not been affected. The company has started to build the LED blue-green optical chip project in the Xiamen plant area, and the project is progressing smoothly.
Under the premise of grasping the development trend of the LED industry, the company has decided to implement the development strategy of entering the LED blue-green optical chip field. While actively planning its own LED blue-green optical chip project, the company decided to actively adopt mergers and acquisitions to achieve epitaxial growth. The company had previously planned a major asset restructuring, which is to find a company with certain technical strength, customer base and competitive strength in the field of LED blue-green optical chips, hoping to have synergy with the company.
The company said that in order to ensure the smooth implementation of the issue of assets purchased by the company, the company and the intermediaries combined with the preliminary results of the due diligence of the target company, and actively negotiated with the relevant parties, and conducted in-depth discussions and communication on the terms of cooperation. In the end, it was still unable to reach an agreement on the relevant important transaction terms. Taking into account the implementation costs and potential risks of the issue of assets purchased by the company, the company decided to terminate the implementation of the matter from the perspective of protecting the interests of the company and all shareholders.
Ganzhao Optoelectronics said that at present, the company's development strategy for entering the blue-green optical chip has not been affected. The company has started to build the LED blue-green optical chip project in the Xiamen plant area, and the project is progressing smoothly.
Nantong Boxin Electronic Technology Co., Ltd. , https://www.bosencontrols.com