On May 6th, Jingdian’s board of directors resolved that the company plans to merge Yuanxin Optoelectronics Co., Ltd. with ease. Jingdian paid the consideration of NT$1.46 per share to the remaining shareholders other than Jingdian, and requested the independent expert to issue a reasonable opinion on the reasonableness of the combined cash price. The consolidated base date is tentatively set to June 29, 2015.
Yuanxin Optoelectronics is mainly engaged in solid-state lighting devices and related application products and systems. It is a subsidiary of Jingdian which holds approximately 97.95% equity. The two parties conduct simple mergers in accordance with Article 19 of the M&A Law, the Company Law and other relevant laws and regulations.
Jingdian said that the purpose of the merger is to effectively combine resources, integrate related technologies, reduce costs, and promote rational operations.
On the same day, Jingdian announced that the board of directors of the company had decided to handle the cash-raising private equity common stock plan. The number of shares to be issued was limited to 165 million shares. If the quotas were all issued smoothly, the number of shares issued accounted for 13.03% of the capital after the capital increase.
Based on the current share price of Jingdian, it is expected to raise 8 billion yuan (about RMB 1.617 billion). However, after the merger of Jingdian and Yuanyuan, the share capital has increased to 11.016 billion yuan (about RMB 2.226 billion). With 165 million shares fully issued, the share capital will increase to 12.666 billion yuan (about 2.56 billion yuan).
Yuanxin Optoelectronics is mainly engaged in solid-state lighting devices and related application products and systems. It is a subsidiary of Jingdian which holds approximately 97.95% equity. The two parties conduct simple mergers in accordance with Article 19 of the M&A Law, the Company Law and other relevant laws and regulations.
Jingdian said that the purpose of the merger is to effectively combine resources, integrate related technologies, reduce costs, and promote rational operations.
On the same day, Jingdian announced that the board of directors of the company had decided to handle the cash-raising private equity common stock plan. The number of shares to be issued was limited to 165 million shares. If the quotas were all issued smoothly, the number of shares issued accounted for 13.03% of the capital after the capital increase.
Based on the current share price of Jingdian, it is expected to raise 8 billion yuan (about RMB 1.617 billion). However, after the merger of Jingdian and Yuanyuan, the share capital has increased to 11.016 billion yuan (about RMB 2.226 billion). With 165 million shares fully issued, the share capital will increase to 12.666 billion yuan (about 2.56 billion yuan).
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