Melani Warod

News at night on March 15, releases the announcement and claims, in order to carry out the implementation of the complete machine undertaking strategy at night in the east of Beijing, the company plans to merge Taiwan in the scientific and technological Limited Company (hereafter referred to as together beautifully " American neat science and technology " )Relevant computer display unit and television business and relevant assets. Today, both sides sign " sale contract of the assets ", the price of trade is 290 million yuan.

The assets planned to merge in the east of Beijing include: American neat science and technology relevant computer display unit and television business in Taiwan; American neat science and technology is created high through the wholly-owned constituent company that its BVI Company JEFFREY sets up in China (Suzhou) Electronics Co., Ltd. is 100% of the stock rights. Achieve it for the wholly-owned subsidiary of American neat science and technology high in Suzhou, it is the American neat science and technology in the continental production base of China.

The announcement reveals, the price marked in this merger prices with RMB, the trade consideration is 290 million yuan. Among them, the high trade consideration of achieving 100% of the stock rights of Suzhou is 260 million yuan, pay in U.S. dollar; The trade considerations of business of Taiwan and assets are 30 million yuan, pay in new Taiwan dollar (like being permitted, also all right U.S. dollar is paid) .

The eastern respect in Beijing is represented, the business of the scientific and technological complete machine of merge U.S.A. togethering, can fully utilize the upstream resource advantages in the field of TFT-LCD faceplate of the company, remedy the deficiency of original supply chain resources, expand the volume of production and marketing of the complete machine products, further promote the earning power of the business of the complete machine.

In addition, have already fixed the related complete machine project in the low reaches for 8 generations of lines of Beijing in the east of Beijing, can carry on the accumulation in relevant resources such as technology, products, customer, large-scale production, talent,etc. and the ability in advance through the above-mentioned merger company, smooth batch productino, promoting the volume of production and marketing of complete machine of the LCD TV and giving security as soon as possible of the factory of complete machine of Beijing for 2011 years.

"This merger, to promoting the ability in respects such as company's complete machine products enterprise planning, researching and developing, supply chain, making and operation and management,etc. fast, train the undertaking group of the complete machine, expand the company TFT-LCD faceplate (especially 8 generations of lines of Beijing) Downstream for digestion power,last value chain, be lasted earning power and abilities to resist risk whole of company, have great strategy meanings. " The eastern announcement of Beijing is called.