According to the announcement, on April 20, Dehao Runda's wholly-owned subsidiary Hong Kong Dehao Runda signed a share transfer agreement with Wu Changjiang and NVC Inc., and transferred NVC Lighting shares held by Wu Changjiang and NVC Inc. 2.145 100 million shares, accounting for 6.86% of the total number of issued ordinary shares of NVC Lighting. After negotiation, the transaction price was changed from the previously agreed HK$2.95 per share to HK$2.34 per share, and the total transaction amount was HK$520 million ($399 million).
The acquisition is a continuation of the previous contract. From December 11th to December 21st, 2012, DHL Runda purchased 260 million shares of NVC Lighting through its wholly-owned subsidiary, Hong Kong DHL Runda, in Hong Kong Stock Exchange for on- and off-exchange transactions. , accounting for 8.24% of its total share capital. On December 26, 2012, Hong Kong DHL Runda signed an agreement with NVC Inc., one of the major shareholders of NVC Lighting, to acquire the 11.81% stake in NVC Lighting, which was held at the transaction price of HK$2.55 per share. Runda has become the largest shareholder of NVC Lighting. The agreement signed at that time also stipulated that Wu Changjiang and NVC Inc. promised to irrevocably grant the priority transfer rights of the shares of Dehao Runda, and transfer them at a price of HK$2.95 per share at any time that Dehao Runda deems appropriate. .
Dehao Runda chose to acquire at this time should be related to the progress of its business integration. Dehao Runda announced on March 16 that the company signed the “2014 Regional Operation Center Distribution Agreement†with 37 operating centers of NVC Lighting, with an intentional total sales of approximately RMB 1 billion. Previously, Wang Donglei, chairman of Dehao Runda, said in an interview with the media that through the docking and running-in between the two businesses, the synergy effect between Dehao Runda and NVC Lighting is showing positive results. With the booming LED lighting market, the two listed companies are expected to share a larger market share.
Dehao Runda previously announced that according to its preliminary budget data for 2014, the company's overall sales revenue in 2014 is expected to increase by approximately 50% compared with 2013. The sales revenue of LED business is expected to increase by approximately 100 compared with 2013. %, the amount is about 3 billion yuan, the main reason for the growth of LED business is that the market demand for LED general lighting will have a good growth. In this context, Dehao Runda has a good reason to further increase the shares of NVC Lighting.
On the other hand, Wu Changjiang’s shareholding in Dehao Runda is steadily advancing. According to the private placement plan disclosed by Dehao Runda at the end of 2012, the company plans to issue non-public offerings of no more than 230 million shares at a price of 5.86 yuan per share, raising no more than 1.348 billion yuan to supplement working capital. Among them, the controlling shareholder Wuhu Dehao Investment Co., Ltd. subscribed for 100 million shares, and Wu Changjiang subscribed for 130 million shares. After the completion of the subscription, Wu Changjiang will hold approximately 9.3% of the shares of Dehao Runda. In December last year, the fixed-income financing plan was approved by the China Securities Regulatory Commission, and its implementation period is only one month long.
Insulation Board works well as a flame barrier insulation in appliances and electronics, and provides long-term performance at temperatures exceeding 482°F (250°C).
Transformer Insulation meets the high performance insulation requirements for new high-temperature, liquid-filled distribution transformer designs. This innovative insulation offers excellent thermal stability, low moisture absorption, high thermal conductivity and long-term reliability. This low-density board insulation is available in a range of thicknesses.
The products are applied to various power distribution systems and their components such as transformers, switch cabinets, motors, etc. The company abides by the credibility of the first, quality first, continue to work hard on the development and research of insulating materials products, consolidate the market leading position, and bow to provide the best service to users.
Insulation Board
Insulation Board,Insulation Beech Sheet,Phenolic Paper Laminate,Insulation Laminated Sheet
Yingkou Dongyuan Electrical Insulation Board Co.,Ltd , https://www.dy-insulation.com