On September 12, LED radiator expert Overclocking 3 released an announcement on the acquisition of 51% equity of Zhejiang Yida Energy Technology Co., Ltd., the announcement shows that the company plans to acquire Huang Haiyan, Chen Shujie and Hangzhou Winsea Investment Management with self-raised funds of RMB 127.5 million. A partnership (limited partnership) (hereinafter referred to as “winning investmentâ€) holds 51% of the equity of Trent Energy.
The counterparty to the transaction was Huang Haiyan, Chen Shujie and Win Hai Investment, the shareholders of Yida Energy. Among them, Huang Haiyan is the controlling shareholder and actual controller of Yida Energy. It directly holds 67.00% equity of Yida Energy before the transaction and indirectly holds 13.00% equity of Tengda Energy by holding the investment ratio of 65.00% of Winhai Investment. Holds 80.00% equity of Trent Energy.
Prior to this equity transfer, the equity structure of the company was as follows:
It is understood that as an energy-saving service enterprise that provides LED city green lighting one-stop solution, Yida Energy has completed the renovation of public lighting in many cities in Zhejiang Province, and registered as the energy-saving service industry of China Energy Conservation Association in 2016. The member units of the committee have rich experience in lighting engineering and project achievements.
In 2016, the company's operating income was 56.33 million, with a net profit of 12.39 million; in the first half of 2017, its operating income was 27.76 million and its net profit was 10 million.
Huang Haiyan, Chen Shujie and Win Hai Investment promised that the net profit attributable to shareholders of the parent company in 2017, 2018 and 2019 will be 25 million, 30 million and 35 million respectively. If the non-net profit of the target company's period is lower than the promised amount, the original shareholders of the target company shall perform the cash compensation obligation to the transferee according to the proportion of the shares held before the delivery.
The LED lighting and cooling component business is one of the main businesses of listed companies. After the overclocking of the company, the company has continuously increased the research and development and product innovation of LED lighting and cooling technology. The acquisition of 51% equity of Gala Energy is a beneficial expansion of the company's LED lighting business. It is beneficial to expand the company's scale in the LED lighting business and enhance market competition with the project experience, channel resources and customer resources of Trent Energy. Force is an important measure to achieve the company's business development goals.
Overclocking 3 said that after the completion of the acquisition, the company can enhance the company's LED lighting business by integrating the company's technology research and development advantages, product resource advantages and the superior resources of the company in terms of projects and customers. The integrated solution provides the ability to achieve coordinated business development.
The development of Trent Energy is based on the East China region and has certain differences with the geographical distribution of the company's major downstream customers. After the completion of the acquisition, the company can build a R&D, marketing and customer service network resource sharing platform together with Trent Energy. Synergistic development of both brands.
In addition, over-expansion of overclocking has been achieved through epitaxial acquisitions. The company's acquisition of 51% equity of Trent Energy is a strategic choice for the company to fully utilize the favorable conditions for landing the capital market to acquire high-quality enterprises in LED lighting and related fields. Through this acquisition, the company realizes the company's extended development, and achieves extensive and in-depth cooperation with Yida Energy in strategic cooperation, channel integration, product promotion, service improvement, financial support, resource sharing, enterprise management, and personnel training. It will lay a solid foundation for the company to expand and strengthen its LED lighting business and build a leading brand of thermal solutions for electronic products at home and abroad.
The handheld addresser is used to program the address of the monitoring module offline. When in use, connect the two output wires of the handheld encoder to the communication bus terminal (terminal label 1, 2) of the monitoring module, turn on the black power switch on the right side upwards, and press "ten Add", [Subtract ten", [Add one place" and [Subtract one place" to program the address.
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