Shenzhen Click Technology Co.,Ltd completed the acquisition to acquire an additional 10% stake in Shenzhen Highlight Electronic Co., Ltd. from Li Donghai for CNY 22.3 million.
July 28, 2022
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Shenzhen Click Technology Co.,Ltd (SZSE:002782) signed an agreement to acquire an additional 10% stake in Shenzhen Highlight Electronic Co., Ltd. from Li Donghai for CNY 22.3 million on March 11, 2022. As of June 21, 2022 final consideration price is CNY 19.553 million. Under the terms, Shenzhen Click will pay the first installment of CNY 7 million within 5 working days from the date of signing this agreement, which shall be converted into a part of the equity purchase price from the effective date of this agreement and second installment of the remaining equity purchase price within 5 working days from the effective date of this agreement. Prior to transaction, Shenzhen Click owns 54.25% stake in Shenzhen Highlight. In 2021, Shenzhen Highlight reported Revenue of CNY 1166.01 million, Net profit of CNY 12.61 million, Total asset of CNY 770.99 million, and Owner's equity of CNY 73.69 million. The transaction is approved by the holding shareholder and 12th session of the 4th directorate of Shenzhen Click and still need to be approved. After the completion of audit and appraisal works, Shenzhen Click would need to hold another directorate and shareholders' meeting to approve the transaction. Yang Ru and Sun Haotian of King & Wood Mallesons, China acted as legal advisors, Li Jianjun and Zhu Fengdi of BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountant and Chen Peng and Yu Hao of China Merchants Securities Co., Ltd. (SHSE:600999) acted as financial advisor to ShenZhen Click Technology Co.,LTD. (SZSE:002782)
Shenzhen Click Technology Co.,Ltd (SZSE:002782) completed the acquisition to acquire additional 10% stake in Shenzhen Highlight Electronic Co., Ltd. from Li Donghai for CNY 22.3 million on July 29, 2022.
ShenZhen Click Technology Co.,LTD. is a China-based company principally engaged in the development, production and sale of magnetic elements and switch power supplies. The Company's magnetic elements mainly include power transformers, switch power transformers and inductors. The Companyâs switch power supplies mainly include power supply adapters, dynamic battery chargers and customized power supplies. Its magnetic elements are mainly applied in information, uninterrupted power supply (UPS), automobile electronics and electronic devices, such as inverters. Its switch power supplies are primarily applied in network communication, consumer electronics, light emitting diode (LED) lighting and industrial instrument industry. The Company distributes its products in domestic and to overseas markets.
Shenzhen Click Technology Co.,Ltd completed the acquisition to acquire an additional 10% stake in Shenzhen Highlight Electronic Co., Ltd. from Li Donghai for CNY 22.3 million.