China Trends plans to purchase LED application business for 228 million

China Trends (08171.HK) announced that it had entered into an agreement with the seller Joy China Group. on January 7 (Friday) to acquire a total of 228 million yuan for LED low-carbon business applications and energy-saving computer structure technology. Innovative (China) 97% interest, the consideration of 11.4 million yuan in cash in cash; 1.1374 billion yuan will be issued at 4 sen per share exchange price, if fully exchanged, can be exchanged for nearly 30% of the enlarged share capital; The remaining $1,288.6 million was paid through the issuance of promissory notes with an annual interest rate of 5%.

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