Ganzhao Optoelectronics terminated the 100% equity interest in Dongguan Zhoulei Electronics
On the evening of October 9, Ganzhao Optoelectronics (300102) announced that the company decided to terminate the agreement on the equity transfer of Dongguan Zhoulei Electronics Co., Ltd. Previously, the company announced on April 9 that it intends to transfer the 100% equity interest in Dongguan Zhoulei Electronics Co., Ltd. held by Golden Eagle Technology Co., Ltd. (Samoa).
According to Ganzhao Optoelectronics, in view of the differences in the terms and conditions of the Golden Eagle Technology Equity Transfer and the conditions of cooperation proposed by the company, the two parties could not continue to fulfill this “Equity Transfer Intention Agreementâ€. The company has carefully studied and agreed with Golden Eagle Technology to decide to terminate this cooperation plan.
The company also announced that the company successfully bid for Yangzhou Longyao Optoelectronics Technology Development Co., Ltd. located in No. 8 Dongfenghe West Road, Yangzhou Economic Development Zone, Jiangsu Province, for a batch of real estate, ground attachments and self-organic equipment. The original assessed price of the assets was 10,04.47 million yuan. On September 23, 2013, the company signed a “Confirmation of Auction Deal†with 13 auction companies including Yangzhou Runyang Auction Co., Ltd.
According to Ganzhao Optoelectronics, in view of the differences in the terms and conditions of the Golden Eagle Technology Equity Transfer and the conditions of cooperation proposed by the company, the two parties could not continue to fulfill this “Equity Transfer Intention Agreementâ€. The company has carefully studied and agreed with Golden Eagle Technology to decide to terminate this cooperation plan.
The company also announced that the company successfully bid for Yangzhou Longyao Optoelectronics Technology Development Co., Ltd. located in No. 8 Dongfenghe West Road, Yangzhou Economic Development Zone, Jiangsu Province, for a batch of real estate, ground attachments and self-organic equipment. The original assessed price of the assets was 10,04.47 million yuan. On September 23, 2013, the company signed a “Confirmation of Auction Deal†with 13 auction companies including Yangzhou Runyang Auction Co., Ltd.
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