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160 million to buy 20% stake in China Hi-Tech Tower Foshan Illumination Notice to the proposed transferee company, Hefei China Villa Marketing State Planning Co., Ltd. held by Hefei Hi-Tech Power Hin Energy Co., Ltd. 20% stake to the company forecast 2011 profit of 100 million yuan in the eight times the price-earnings ratio basis as the pricing of equity transactions, that is to 160 million yuan Foshan Lighting Tower Tech to buy 20% of the country's equity. Foshan Lighting introduced, the National Hi-Tech Tower was established in May 2006 with registered capital of 100 million yuan, of which Zhuhai China investment 58 million yuan Hin Trading Company, the National Landmark marketing investment 42 million yuan. Company scope of business: Lithium-ion battery and materials, solar and wind power and other renewable energy applications, devices and systems, optical and energy-saving Electronic Products, equipment and systems, lithium response Power supply , Power tools, transport and lithium charger R & D, production, Sell And so on. The company was included in the Anhui province, "861" plan of action and Hefei industrial fixed assets investment projects database, is high-tech enterprises in Anhui Province, Hefei, intellectual property rights demonstration pilot unit, and was included in Hefei Science and Technology Innovation business incubation program. January 24, 2010 with the joint development of the country Ankai first 30 electric buses in Hefei, Demonstration, and was included in the national "863 Plan New Energy Car Major projects. " As of December 31, 2009, the National Hi-Tech total assets of 300.04 million yuan Hin, the net assets of 104.54 million yuan, sales income of 36.24 million yuan, total profit of 5.39 million yuan, net profit of 4.54 million yuan. According to forecasts, the National Hi-Tech Tower in 2010 to 2012 to achieve high growth, transfer of shares by the two sides agreed to transfer by way of premium, purchase price to the target company in 2010, 2011 and forecast 2012 net profit as a reference base to forecast profit of 100 million yuan in 2011 to 8 times the price-earnings ratio valuation basis for the pricing of equity transactions, the total market capitalization of 800 million yuan, the company 160 million yuan to buy the 20% stake. If the target company at the end of 2012 failed to complete three consecutive years, the forecast average profit of 100 million yuan, Zeyi the target company actually completed three years than the average annual profit forecast lower annual profit ratio of proportional return Foshan Lighting has paid the appropriate share transfer price, the equity transfer price with principal and interest returned to Foshan lighting. The company's profit target for the evaluation period: January 1, 2010 to December 31, 2012 (three years average annual profit of 100 million). Notice that now has new energy resources of lithium carbonate in the investment project, the company can use its own upstream products, new energy resources, the development of lithium battery project for the future formed from the lithium extraction, the lithium battery materials lithium battery production, and gradually form a new energy industry chain of pure electric cars. We are high quality suppliers, our products such as Fiber Optics Connector , China Fiber Optics Connector for oversee buyer. To know more, please visits Fiber Optics Connector.
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