Lu Yitong (300423) disclosed a report on major asset restructuring on the evening of July 11, the company plans to issue shares and pay cash, a total of 2 billion yuan to acquire 100% equity of Guangdong Shenghui Electronics Holdings Co., Ltd., and raise matching funds not exceeding 6.05 100 million yuan to pay the cash consideration for this transaction.
Shenghui Electronics is engaged in R&D, production and sales of electrical complete sets of equipment and LED lighting products. The 2016 annual revenue is 913 million yuan, and the total performance commitment for the next three years is not less than 655 million yuan.
Through the transaction, Luyitong will add LED lighting and smart home business to realize the diversified development of the business.
It is understood that Lu Yitong landed on the GEM of the Shenzhen Stock Exchange in February 2015. It is mainly engaged in R&D, design, production and sales of electrical complete sets of machinery and equipment. In 2016, it achieved revenue of 233 million yuan and net profit of 24,746,600 yuan. In September last year, the company had terminated the acquisition of bitcoin chip maker Jia Nan Zhi Zhi, and the current willingness to acquire high-quality assets is strong.
From the perspective of business development, Shenghui Electronic official website shows that the company is currently involved in dozens of landscape lighting projects such as the Malaysian Forest City Lighting Project, Huizhou Shili Yintan, Malaysian Royal Palace, Baicheng Country Garden, Shandong Haiyang Hot Spring Center, etc. Shunde Country Garden Smart Home Project, Suizhou Smart Community Project, Singapore Smart Garage Project and other projects.
Relevant data show that the output value of outdoor landscape lighting in 2016 exceeded 50 billion yuan, and with the deepening of market segments such as indoor lighting, commercial lighting, municipal engineering lighting, outdoor lighting, and tourism landscape lighting, it is expected that in 2017, China Outdoor LED lighting output value is expected to exceed 100 billion yuan.
From the industry perspective, 59 domestic lighting companies listed, last year, 56 companies achieved profitability, 43 net profit increased year-on-year, such as Opto Lighting achieved a net profit of 506 million yuan, an increase of 16.17%; Sunshine Lighting achieved a net profit of 452 million yuan, It has achieved a good performance with a year-on-year increase of 21.67%.
ZGAR bar 2000 Puffs
ZGAR electronic cigarette uses high-tech R&D, food grade disposable pod device and high-quality raw material. All package designs are Original IP. Our designer team is from Hong Kong. We have very high requirements for product quality, flavors taste and packaging design. The E-liquid is imported, materials are food grade, and assembly plant is medical-grade dust-free workshops.
Our products include disposable e-cigarettes, rechargeable e-cigarettes, rechargreable disposable vape pen, and various of flavors of cigarette cartridges. From 600puffs to 5000puffs, ZGAR bar Disposable offer high-tech R&D, E-cigarette improves battery capacity, We offer various of flavors and support customization. And printing designs can be customized. We have our own professional team and competitive quotations for any OEM or ODM works.
We supply OEM rechargeable disposable vape pen,OEM disposable electronic cigarette,ODM disposable vape pen,ODM disposable electronic cigarette,OEM/ODM vape pen e-cigarette,OEM/ODM atomizer device.
Disposable Vape, bar 2000puffs, ZGAR bar disposable, Disposable E-cigarette, OEM/ODM disposable vape pen atomizer Device E-cig
ZGAR INTERNATIONAL TRADING CO., LTD. , https://www.szvape-pen.com