Maoshuo Power Co., Ltd. announced on the evening of 2nd, the company received the notice from the China Securities Regulatory Commission on February 2, 2015. After the merger and acquisition and reorganization committee reviewed, the company issued shares and paid cash to purchase assets and raised related funds to specific targets to obtain unconditional approval. . The company's stock will resume trading on February 3rd. Earlier on January 22, Moso Power was suspended due to the notification that the Securities and Futures Commission would review the merger.
According to the fixed plan announced by Maoshuo Power in November 2014, the company intends to acquire a 27.5% stake in Fangzhengda held by Fang Xiaoqiu and Lan Shunming, respectively, for a total of 55% equity, with a transaction price of 192 million yuan. According to the data, Founder's main business is the production and sales of printed circuit boards. The products are mainly used in the field of energy-saving lighting, and gradually extend to the field of intelligent mobile terminals. The current main products include single-sided FPC boards and double-sided FPC boards, in addition to some single and double-layer PCBs.
Maoshuo Power said that Founder's industry has broad prospects, good asset quality and standard operation. It has a leading position in LED energy-saving lighting applications in the FPC segment, with strong core competitiveness and sustainable profitability. The transaction is completed. After that, the listed company's asset quality, business scale, core competitiveness and sustained profitability will be greatly improved.
According to the fixed plan announced by Maoshuo Power in November 2014, the company intends to acquire a 27.5% stake in Fangzhengda held by Fang Xiaoqiu and Lan Shunming, respectively, for a total of 55% equity, with a transaction price of 192 million yuan. According to the data, Founder's main business is the production and sales of printed circuit boards. The products are mainly used in the field of energy-saving lighting, and gradually extend to the field of intelligent mobile terminals. The current main products include single-sided FPC boards and double-sided FPC boards, in addition to some single and double-layer PCBs.
Maoshuo Power said that Founder's industry has broad prospects, good asset quality and standard operation. It has a leading position in LED energy-saving lighting applications in the FPC segment, with strong core competitiveness and sustainable profitability. The transaction is completed. After that, the listed company's asset quality, business scale, core competitiveness and sustained profitability will be greatly improved.
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