Huacan Optoelectronics announced the general risk announcement of major asset restructuring matters in the morning. The company said that it intends to purchase 100% equity of the standard company Harmony Corelight (Yiwu) Optoelectronics Technology Co., Ltd. by issuing shares to purchase assets. The previous transaction of this transaction was A subsidiary of Harmony Core (Yiwu) Optoelectronics Technology Co., Ltd. acquired a 100% stake in MEMSIC, Inc. in cash.
At present, the previous transaction has not completed the US government CFIUS review and other procedures. As a result, the 100% equity of MEMSIC, Inc. has not been transferred, and the previous transaction has not completed the asset delivery. The company has the risk of terminating the transaction if the previous transaction asset cannot be delivered. The transaction still needs the completion of the previous transaction, the review of the US CFIUS, the re-examination of the company's board of directors, the approval of the company's general meeting of shareholders, the approval of the CSRC, the approval of the Ministry of Commerce, etc. The time for obtaining the above approval and the final approval will exist. Uncertainty. In particular, investors are reminded to pay attention to the above risks.
On April 19, 2016, Huacan Optoelectronics issued the “Notice on Suspension and Suspension of Major Eventsâ€. The company’s shares were suspended from April 18, 2016, and were held on May 13, 2016, June 14, and July, respectively. On the 14th, apply to the stock exchange to extend the stock suspension time and make an announcement.
On October 14, 2016, the company held the 32nd meeting of the second board of directors, and reviewed and approved the relevant proposals on the proposal of the company to issue shares to purchase assets and raise matching funds and related transactions.
On April 13, 2017, the company held the 42nd meeting of the second board of directors, reviewed and approved the “Proposal on Signing the Supplementary Agreement on the Asset Restructuring Agreement†and the “Proposal on Adjusting the Matching Funds Planâ€.
Notice of the Follow-up Supervision Arrangement after the Transition Period of the “Administrative Measures for Major Asset Restructuring of Listed Companies†issued by the China Securities Regulatory Commission and the “Guidelines for the Information Disclosure Express Business of Listed Companies of Shenzhen Stock Exchange (Revised in 2015)†( Shenzhen Stock Exchange will conduct an after-the-fact review of the relevant documents of the company's major asset restructuring in the relevant documents of Shenzhen Stock Exchange [2015] No. 231).
The company said that this major asset reorganization is still subject to the completion of the previous transaction, the review of the US CFIUS, the review of the company's board of directors, the approval of the company's shareholders meeting, the approval of the CSRC, the approval of the Ministry of Commerce, etc., can obtain the above approval and ultimately obtain There are uncertainties in the time of approval. In particular, investors are reminded to pay attention to the above risks.
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NINGBO UONICORE ELECTRONICS CO., LTD , https://www.uonicore.com