Electronic enthusiast website news: Yesterday, Junsheng Electronics closed with a daily limit on the first day of trading after the unconditional reorganization of the meeting. After undergoing a "suspend", the major asset reorganization of Junsheng Electronics, which was held again on November 9, passed the review by the M & A Reorganization Committee and passed unconditionally.
The company issued shares and paid cash to purchase a major reorganization of Germany's Puri Automotive Electronics Assets. It was planned to go to the reorganization meeting on September 26, but it was "questioned" before the meeting and was temporarily "suspended." Issues such as immature asset acquisition conditions, "performance commitments were not mentioned", and "600 million assets whereabouts are unknown" were clarified and explained, and they were finally passed unconditionally at the re-launch meeting on the 9th of this month.
According to Junsheng Electronics' "Report of Issuing Shares to Specific Objects and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Transactions", Junsheng Electronics will issue 187 million shares to the major shareholder Junsheng Group at a price of 7.81 yuan / share, total 146.047 million yuan, to purchase 74.9% of the shares of German Prudential Holdings and 5.1% of the shares of German Prudential held by Junsheng Group; to issue 69.996 million shares to no more than 10 investors at a price of 7.03 yuan / share, for a total of 49207 Ten thousand yuan, raised cash to buy 25.1% equity of German Puri Holdings, after the completion of 100% of German Puri assets into Junsheng Electronics.
It is understood that this is not only the largest international acquisition of automotive electronics by Chinese companies, but also a relatively large case of private companies making overseas acquisitions in the European debt crisis in recent years. After completion, Junsheng Electronics will become the first overseas asset to be larger than domestic Listed companies in the automotive electronics industry with assets. The state of assets and the status of German rivers and lakes are undoubtedly the highlights in the future.
It is understood that German Preh has been ranked among the world's automotive electronics industry A-level suppliers for 20 consecutive years, ranking among the top few in recent years. Puri's products are oriented towards "vertical integration of smart motors, electronics and automotive electronics", of which more than 90% of products are in the position of A-level suppliers. Germany Puri has obvious advantages in the high-end field of automotive electronics. The company has maintained rapid growth in the past 7 years, with an average annual growth rate of 11.14% in operating income.
According to the development plan of Junsheng Electronics, after this asset integration, German Preh, while maintaining its European and North American markets, focused on the Chinese market as its development focus, because at present, it has only one Junsheng Preh joint venture company in the Chinese market. The space is huge, and the company's goal is to maintain an average annual double-digit growth. After the completion of the reorganization, all of them have become one of the world's leading automotive electronics companies. In addition to Ningbo, Shanghai, and Changchun, their industrial layouts also have their own production bases in Germany, the United States, Mexico, Portugal, and Romania. The company's annual sales revenue goal is to strive to break through 5 billion yuan as soon as possible.
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