, Railing Sohu Finance News on September 3, insulated chicken house, Hualuoli Group announced that on August 17, the group entered into an agreement with the seller to conditionally acquire the sales rights of Samsun High-Tech Co., Ltd. for 70 million yuan. The consideration will be paid through the placement of 400 million shares at 0.175 yuan per share, accounting for 16.97% of the expanded equity, at a premium of about 17.45% over the closing price of the previous day, stainless steel sculpture.
The group pointed out that after the acquisition is completed, Samsun High-Tech will become a wholly-owned subsidiary of the group. The company mainly engages in the research and development, manufacture, sale, and installation of LED screens and facade lighting products, square music fountains; and believes that the LED business brought by Samsun High-Tech can complement the group's current business, especially as more and more cars are using LEDs, HDPE water pipes. The LEDs produced by the company can be installed on the used cars sold by the group, abstract sculptures; In addition, besides installing LEDs on cars, the LEDs they produce can also be sold to manufacturers, car dealers, agents, and car repair shops, Western sculptures.