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Huazhong CNC to be 280 million acquisition of Jiangsu Jinming coded robots
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Article Source:Shanghai Securities News Update Time:2015-9-14

Huazhong CNC September 2, released late asset acquisition plan, the company intends to 26.36 yuan / share non public offering 637.329_wan million shares of the, and pay $1.12 billion in cash, the total price of 2.8 million yuan acquisition Jiangsu Jin Ming Industrial Robot & Automation Co., Ltd (hereinafter referred to as "Jiangsu Jinming) 100% equity; and intends to not more than five specific objects of the non-public offering to raise matching funds are not more than 1.25 billion yuan. The Shenzhen will of the program after the audit, the company's shares will remain suspended.

 

Program shows, Jiangsu Jin Ming is mainly engaged in the design and manufacture of glass machinery and equipment and robot system integration application design and development, the current gradually developed into a series of automation equipment, industrial robots, robot system integration applications and other products, the company has been provided to customers including packaging, logistics and other fields, and the use of integrated solutions, and in the glass, food, alcohol, electronic 3C and other leading companies in the industry has achieved a breakthrough.

As of June 30, 2015, Jiangsu Jin Ming total assets of 46.6 million yuan, net assets of 114 million yuan. Data show that in 2013, 2014 and 2015 1-6 months to achieve operating income of 156 million yuan, 248 million yuan and 55 million yuan, net profit of -840.86 million, 21306000 yuan and 9.9106 million yuan. According to the assessment, the net asset value of its net assets of 281 million yuan, an increase of 509.43%.

 

According to the results of the commitment, the transaction is committed to the other party in Jiangsu Jin Ming, 2015, 2016, 2017 audited net profit attributable to shareholders of the parent company after deducting non recurring gains and losses are not less than 22.1 million yuan, 28.65 million yuan, 37.15 million yuan. If the actual profit is lower than that of the above-mentioned commitment, the transaction will be in accordance with the relevant provisions of the signing of the performance compensation agreement to compensate.

 

Central China numerical control, said the acquisition is the company through the epitaxial development of a nuclear two body robot business industry development strategy, to create an important measure of industrial robot industry chain supplier. At the same time after the completion of the transaction, the company and Jiangsu Jin Ming will achieve better synergies in operations management, technology, capital and platform, to achieve market complementarity, listing Corporation industrial structure more optimized, improve business scale and profitability, enhance the company's comprehensive ability.

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