Liard announced on the evening of July 26 that the company is planning a major event and the company's shares will be suspended from the opening on July 27, 2015 (Monday).
According to relevant sources, India's largest LED display manufacturer MIC Electronics (MIC) announced today (27th) that the company's board of directors has agreed to Liard (300296.SZ) to spend 1.25 billion rupees (about 121 million yuan) to buy 20 million shares of the company and 30 million convertible preferred stock certificates. As the domestic core supplier of large-screen LED display, Liard will complete the acquisition through its wholly-owned subsidiary Liard (Hong Kong) Co., Ltd.
The above picture is taken from the official website of MIC. It is unclear whether the above-mentioned major events are related to the acquisition of MIC.
As early as 2013, Liard issued a notice saying that the company intends to enter the LED display market in the Indian market. The company authorized MIC as the sole distributor of the Indian region, and MIC is solely responsible for the promotion and sales of Liard products in the Indian market.
According to the "Strategic Alliance Agreement" signed by the two parties on April 10, 2013, Liard authorized MIC as the sole distributor of India, and MIC is solely responsible for the promotion and sales of Liard products in the Indian market. Sales were $10 million. The two parties agreed to further seek cooperation after the market reached a certain scale. Liard assembled and produced LED display products in India.
At the same time, MIC authorized Liard to promote and sell its LED lighting products in the Chinese market. In addition, the two parties jointly developed LED 3D display technology and content creative products. In addition, if the two parties cooperate smoothly, Liard and MIC plan to invite internationally renowned chip companies in the industry to invest in the production and sales of LED industry chain products in India.
At the same time, MIC authorized Liard to promote and sell its LED lighting products in the Chinese market. In addition, the two parties jointly developed LED 3D display technology and content creative products. In addition, if the two parties cooperate smoothly, Liard and MIC plan to invite internationally renowned chip companies in the industry to invest in the production and sales of LED industry chain products in India.
The product areas covered by MIC are mainly LED displays, LED lighting, communications and electronics. MIC has always been a leader in the field of "True Color LED Displays". It is the development and application of LED display products, a pioneer in telecommunications software and IT services, and communications. It is the only company in India that has RDSO certification.
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