And Koda (002816.CH/ 40.16, not rated) issued an announcement to acquire a 100% stake in Julius Baer Automation, with an estimated price of 618 million yuan. The underlying company has an operating income of 81.33 million yuan in 2017, a net profit of 15.38 million yuan and a net interest rate of 18.91%. The underlying company has promised that the net profit deducted from non-return in 2016-2019 will not be less than 45 million yuan, 58.5 million yuan and 76.05 million respectively, with a growth rate of 193,30 and 30 percent, respectively. The company through epitaxial mergers and acquisitions, cut into the field of LCM, OLED, the layout of new industries, the market space is promising, the company's future performance is worthy of attention.

Event

Hekoda announced on the 19th that it intends to buy 100% equity in Shenzhen Baosheng Automation equipment Co., Ltd., held by eight shareholders, including Liu Haitian, Liu Hailong, Xin Wangda, Quansheng Hechuang and Shenzhen High-tech Investment, by issuing shares and paying cash. The estimated transaction price is 618 million yuan. The total number of shares issued to the trading object is 11884613 shares, and the issue price is 39.00 yuan per share. At the same time, the company plans to issue shares to no more than 10 qualified specific objects to raise supporting funds, totaling no more than 172.3 million yuan. Baer Automation is a provider specializing in the overall solution of special equipment in the flat panel display industry, and its main business is to provide supporting equipment and production lines to LCM/OLED flat panel display and touch manufacturers.

The target company's performance commitment: the target deduction of non-return net profit in 2017,2018 and 2019 is not less than 45 million yuan, 58.5 million yuan and 76.05 million, respectively, and the total net profit realized in 2017-2019 is not less than 179.55 million yuan.