Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. agreed to acquire Beijing Juli Science&Technology CO.,Ltd. from from group of sellers for approximately CNY 890 million.
January 29, 2019
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Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. (SZSE:300462) agreed to acquire Beijing Juli Science&Technology CO.,Ltd. from group of sellers for approximately CNY 870 million on January 28, 2019. The consideration is payable in cash of CNY 65 million and CNY 800 million worth shares of Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. As on May 1, 2019, Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. will now issue 50.3 million shares, 1 million convertible bonds and pay a cash of CNY 65 million. As of July 3, 2019, number of shares to be issued as part of consideration were changed from 50.3 million to 50.5 million. Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. will raise CNY 120 million from convertible bonds in a private placement to fund the cash consideration of the transaction.
For the year ended December 31, 2018, Beijing Juli Science&Technology CO.,Ltd. reported total assets of CNY 746.1 million, total common equity of CNY 479.7 million, total revenue of CNY 513.1 million and net income of CNY 45.2 million. The transaction is subject to approval from China Securities Regulatory Commission The transaction is approved by shareholders and Board of of Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. ZTF Securities Co., Ltd. and Soochow Securities Co., Ltd. (SHSE:601555) acted as financial advisor, V&T Law Firm acted as legal advisor and BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountant to Shanghai Huaming Intelligent Terminal Equipment Co., Ltd.
Shanghai Huaming Intelligent Terminal Equipment Co Ltd is a China-based company engaged in the research and development of system terminal equipment. The Company's main business is the research and development, production, sales and maintenance of terminal equipment for automatic fare collection systems in rail transit, bus rapid transit (BRT) and other fields, as well as system integration, equipment supply and technology for ticketing and access control systems for venues and attractions. Serve. The Company's products mainly include automatic fare collection systems (AFC), automatic ticket vending machines (TVM), automatic ticket gate machines (AGM), card vending machines (CVM) and others. The Company is also engaged in the electronic label business, providing on-board electronic labels (OBU), roadside units (RSU) and other products. The Company mainly conducts its business in the domestic market.
Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. agreed to acquire Beijing Juli Science&Technology CO.,Ltd. from from group of sellers for approximately CNY 890 million.
SHANGHAI HUAMING INTELLIGENT TERMINAL EQUIPMENT CO., LTD. 
