Shenzhen Textile Co., Ltd. agreed to acquire Hengmei Optoelectronics Co., Ltd. from Chi Mei Materials Technology Investment Co., Ltd., Haosheng Investment Management Co., Ltd., Danyang Nuoyan Tianxin Investment Partnership (Limited Partnership), Xiamen Nuoyan Private Equity Fund Management Co., Ltd., Fuzhou New Area Development and Investment Group Co., Ltd., and other shareholders.
December 30, 2022
Share
Shenzhen Textile (Holdings) Co., Ltd. (SZSE:000045) agreed to acquire Hengmei Optoelectronics Co., Ltd. from Chi Mei Materials Technology Investment Co., Ltd., Haosheng (Danyang) Investment Management Co., Ltd., Danyang Nuoyan Tianxin Investment Partnership (Limited Partnership), Xiamen Nuoyan Private Equity Fund Management Co., Ltd., Fuzhou New Area Development and Investment Group Co., Ltd., and other shareholders on December 30, 2022. Consideration is the form of issuing shares and paying cash. The transaction was approved by Shenzhen Textile (Holdings) Co., Ltd. nineteenth meeting of the eighth session of the board of directors and Shenzhen Investment Management Corporation, the controlling shareholder.
Transaction still need state-owned assets supervision and administration authority, The China Securities Regulatory Commission and general meeting of shareholders approval. For the year ended, November 30, 2022, On November 17, 2023, the 25th session of the company?s 8th directorate approved the transaction. Hengmei Optoelectronics Co., Ltd total asset is CNY 9946.66 million and Owners' equity is CNY 4677.07 million.
Shenzhen Textile Holdings Co Ltd is a China-based company mainly engaged in the research and development, production and sales of polarizers. The Company conducts its business through two segments. The Polarizer Business segment's products cover the fields of twisted nematic (TN), super twisted nematic (STN), thin film transistor (TFT), organic light-emitting diode (OLED), three-dimensional graphics (3D), dye sheets, optical films for touch screens and others, which are mainly used in televisions, laptops, navigation systems, displays, automotive, industrial control, instrumentation, smart phones, wearable devices, 3D glasses, sunglasses and other products. The Property Leasing Business and Other Business segment is mainly engaged in the operation and management of owned properties and the textile and garment business. The Company mainly conducts its business in the domestic and foreign markets.
Shenzhen Textile Co., Ltd. agreed to acquire Hengmei Optoelectronics Co., Ltd. from Chi Mei Materials Technology Investment Co., Ltd., Haosheng Investment Management Co., Ltd., Danyang Nuoyan Tianxin Investment Partnership (Limited Partnership), Xiamen Nuoyan Private Equity Fund Management Co., Ltd., Fuzhou New Area Development and Investment Group Co., Ltd., and other shareholders.