Or more than 1 billion acquisition of LED application company Feile Audio will stop trading today

On the evening of April 3, Shanghai Feile Audio Co., Ltd. (Fei Le Audio, 600651) announced that it had suspended trading due to major issues.

However, according to informed sources, the suspension of Fei Le Audio involved the acquisition of a LED application product company, involving more than 1 billion yuan, because the amount is too large and suspended.

In the announcement last night, Feile Audio stated that the suspension was received by the major shareholder Shanghai Yidian Electronics (Group) Co., Ltd. (hereinafter referred to as “Yidian Group”), and the Yidian Group is planning to be related to Feile Audio. The major event, the Fei Le audio was suspended from the opening today. The above said that the asset is not an asset of the Yidian Group.

The official website of Feile Audio shows that the company was founded on November 18, 1984 and is the first joint-stock listed company in New China. In the 30 years of development, the main business of Feile Audio has been diversified into the industry, such as audio production and sales, IC card, digital TV and electronic components, to industrial specialization, focusing on green lighting, and through mergers and acquisitions. Strong, to achieve the extraordinary development of the green lighting industry.

In terms of financial indicators, in 2013, Feile Audio achieved operating income of 2.142 billion yuan, a year-on-year increase of 6.37%; net profit of 57.439 million yuan, a year-on-year decrease of 45.32%. At the end of 2013, the net assets reached 1.184 billion yuan.

According to previous reports from the media, the Shanghai Municipal Government requested the Shanghai National Capital Group to submit the state-owned assets reform plan to the Shanghai State-owned Assets Supervision and Administration Commission for approval before the end of March. At present, the state-owned assets groups owned by Shanghai include: Shanghai International Group, SAIC Group, Shanghai Electric Group, Shanghai Port Group, Bailian Group, Huayi Group, Yidian Group, Guangming Group, Shangshi Group, Aquatic Group, and Transportation Group, etc. Involved in more than 40 listed companies.

Among them, there are three listed companies under the instrument and electricity department. Specifically, Shanghai Yidian Electronics Co., Ltd. (Yidian Electronics, 600602), which is mainly engaged in LED business, Shanghai Huaxin Co., Ltd. (Huaxin, 600621), which is mainly engaged in real estate, and the newly announced suspension of flying Music sound.

It is worth mentioning that the instrument of the company also owns the assets of two listed companies, namely Feile (600654) and Bestec (600637), but the former is being backed by Zhongan Consumer Technology Co., Ltd., and the program has been announced yet to be approved; Originally known as Shanghai Radio and Television Information Industry Co., Ltd., it has now been borrowed by Best Known.

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