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Company News >> BOE to buy France SES to speed up the layout of the field of things
With the industry boom situation is good, BOE also continue to overweight layout. On the evening of October 30, BOE announced that according to the overall development strategy of soft and hard integration, application integration and service transformation, BOE was proposed to its wholly-owned subsidiary, BOE Optoelectronics Holdings Limited (hereinafter referred to as "BOEOH") (BOETHECH), hereinafter referred to as "BOETHK"), is jointly funded by BOETHK and SES Management and / or its designated investment platform (hereinafter referred to as the "Partner") to set up a joint venture company (hereinafter referred to as "BOETHK") (Hereinafter referred to as "SPV"), by SPV to not exceed 30 euros per share price of the French retail digital solutions provider SES-imagotagSA (hereinafter referred to as "SES") more than 50.01% of the shares and to achieve the SES consolidated financial Statements, and have been considered by the Board of Directors.
BOEOH holds 100% equity interest in BOETHK and BOE Wisdom Retail (Hong Kong) Limited (SPV) is 100% owned by BOETHK, and the company will increase its capital to no more than 1 in the future. 700 million euros, of which BOETHK stake of not less than 80%, SES management / ManCo shareholding ratio of not more than 20%.
BOE said that in order to facilitate the smooth financing of the partners to ensure that SPV plans to set up and complete the acquisition of SES shares at the same time, through the effective incentives to promote the acquisition of the company and SES business integration to ensure the realization of the acquisition target, The partners will provide liquidity arrangements for direct or indirect holding of SPV equity.

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