Liard's overseas acquisition directly refers to the small pitch market

[Text / high-tech LED Yue Mengdi] Liard (300296.SZ) has a big move. This tentacles directly extended to overseas.

On August 17, Liard issued a notice stating that on August 13, 2015, the company and LEYARD AMERICAN CORPORATION (ie Liard (USA) Co., Ltd., a wholly-owned subsidiary of the company, Liard (Hong Kong) Co., Ltd. A wholly-owned subsidiary of Delaware, hereinafter referred to as the “US subsidiary”, LEOPARD ACQUISITION CORPORATION (a consolidated subsidiary wholly owned by the US subsidiary for the purpose of this transaction in Oregon, USA, hereinafter referred to as the “consolidated subsidiary” ) Co-signed the “Consolidation Agreement” with PLANAR SYSTEMS, INC. (hereinafter referred to as “PLANAR Company”), stipulating that the consolidated subsidiaries will be acquired in the form of company merger.

The outreach acquisition has become one of the powerful means for Liard to expand its business. After successfully completing the acquisition of Internet Yida, Jinda Lighting, Lifeng Culture, Jinlixiang and Pineng Optoelectronics, the integration effect is obvious. Liard also determined that the outreach acquisition is a strategic choice for the company to achieve rapid development.

According to the announcement, PLANAR was founded in 1983. The company is headquartered in Oregon, USA, with branches, cooperative manufacturers and customers all over the world, with the world's leading display and digital signage technology. According to the regular report released by PLANAR on the US SEC website, as of June 26, 2015, the total assets reached 81.815 million US dollars, the operating income was 147 million US dollars, and the net profit was 4.408 million yuan.

A few months ago, Liard’s performance in the first half of 2015 was forecast to be 64,791,400 yuan - 80,890,200 yuan, of which small spacing is still a very important profit growth point. And Liard and PLANER will complement each other, both sides are looking forward to the huge synergy generated by this acquisition.

Chairman Li Jun pointed out that “in the future, we will strengthen overseas investment and mergers and acquisitions.” The acquisition will help the company expand its overseas market and accelerate the strategic layout of globalization. On the other hand, it will also accelerate the LED small-pitch TV. The penetration of overseas markets fully meets the burst period of LED small-pitch TV.

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