Jiangxi State-owned Assets Supervision and Administration Commission 7.8 billion to sell control of Jiangxi Electronics Group

Jiangxi Property Rights Exchange yesterday hanged the entire shareholding of Jiangxi Electronic Group Co., Ltd. held by the State-owned Assets Supervision and Administration Commission of Jiangxi Province on the website, and the listing price was 781.6731 million yuan.

Jiangxi Electronics Group is the controlling shareholder of Lianchuang Optoelectronics (600363), holding 20.41%. According to the company's website, Jiangxi Electronic Group Co., Ltd. is a wholly-owned enterprise under the State-owned Assets Supervision and Administration Commission of Jiangxi Province. Since its establishment, it has continuously entered the top 100 national electronic information industry. It is the largest enterprise group in Jiangxi's electronic information manufacturing industry, mainly including the top five. Industry and four major industrial parks. The Group's existing total assets are 3.6 billion yuan and its annual sales revenue exceeds 3 billion yuan. This time, the target of the proposed transfer is the entire shareholding of the electronic group company held by the Jiangxi Provincial State-owned Assets Supervision and Administration Commission after the divestiture of the enterprises (units) of the Electronics Group except Lianchuang Optoelectronics, Jiangxi Lianchuang Electronics Co., Ltd. and Jiangxi Lianchuang Communication Co., Ltd. The listing price is 781.6731 million yuan.

For the transferee, Jiangxi has set a strict condition: the transferee must promise, first, pay the equity transfer payment within 6 months after the equity transfer agreement takes effect, and the electronic transfer must not be purchased before the equity transfer payment Group equity and electronic group holdings of shareholding and equity participation in the company's equity pledge financing; Second, at least 10 years after the transfer of equity, do not give control of the electronic group and Lianchuang Optoelectronics; Third, to ensure the main management of the electronics group and its subsidiaries, The technical backbone and the workforce are basically stable, and the management team has remained stable for five years. In addition, it is also necessary to recognize the established development ideas and strategic plans of the Electronics Group, and agree to support the electronic group to achieve the target vision in various forms; within five years after obtaining control, guarantee the development of key industries of the electronics group through different financing channels. The funds required for the project are more than 2.8 billion yuan, of which the first three years have invested more than 1 billion yuan in LED, cable and special communication projects of the electronics group. In the past five years, the sales revenue of the electronics group has reached more than 10 billion yuan. The relay products continue to maintain the leading domestic and international advanced level. The technology and scale of optoelectronics and semiconductor lighting, optoelectronic cables, special communication and audio and video industries have reached the middle level in the same industry in China.

As for the transferee itself, there are only some general provisions: independent legal status and good business conditions, commercial credit, financial status; technology, product, market, and strength; and standardized corporate governance structure And a good operating mechanism; no major violations of laws and regulations in the past three years.

The listing period is from August 23 to September 17, 2010. According to the intermediary company, after the listing of shares yesterday, several companies such as Xiamen Haiyi Group called to inquire about the listing of assets. According to the data, the electronics group holds 75,692,100 shares of Lianchuang Optoelectronics, and the market value of this part has reached 1,075.57 million yuan on the suspension date of 14.17 yuan per share.