Frbiz.com Reports Wenzhou Shimingyi Developers Take Huaxiang Microelectronics

In just solved caused by swap contracts with deutsche bank of lawsuits

, microelectronics, HK 01195 (huaxiang) declared November 25th LinWanJiang controlling shareholders, the company has been in accordance with the price of HK $0.18 share holding, 230 million shares of stock company offered to all of this part of the group, toward the equity transfer has been completed on November 23.

According to the understanding of hk $0.18, share purchase price than the stock price of hk $0.275 suspended before there 34.55% about the discount. In addition, the net assets of microelectronic huaxiang now about to hk $7.2 5.59 million, according to the current about stock shares issued calculation, the company's share is about hk $1.29 comprehensive assets, and the purchase price discount per net assets of more than 8.

This news, 25 huaxiang microelectronics was big, the price also jumped volume. This day 2.194 clinch a deal amount billion shares, 1.078 million hk dollar, the highest more than doubled. Although afternoon is soft, but all of 50.91% rise in the still of stock market is eye-catching performances.

It is understood that the shareholding acquirer huaxiang microelectronics holding group except towards the outside stock purchase huaxiang microelectronics, not in any other business. The actual control group ShiMingYi people in wenzhou, mainly in the real estate development, also investment securities market.

As a new shareholder and micro-electronics huaxiang toward group promises will retain huaxiang microelectronics listed, and continue to operate the company's main business. In addition to nominate two directors to join the board, huaxiang microelectronics group says the company does not want to make significant changes in management and directors.

Announcement to say, in the fierce competition in the electronic manufacturing industry environment, plus huaxiang microelectronics at the end of June this year the year so huge losses, acquirers deems it necessary to cut costs and increase to develop new products, improve production facilities and investment, etc.

by:himfr

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