1.1 billion, 66.3 million, sold * ST fendazhou attention letter

At noon on the 8th, * ST Fenda announced that it had received a letter of concern from the management department of small and medium-sized board companies. As for opponda Technology (Shenzhen) Co., Ltd. (hereinafter referred to as “opponda”) that the company plans to transfer RMB 66.3 million to acquire RMB 1.1 billion, it is required to explain whether there is any difference between this evaluation and the evaluation method used in the acquisition of opponda. < p > < p > on December 7, * ST Fenda disclosed the announcement on transferring 100% equity of wholly-owned subsidiary. The company plans to transfer 100% equity of opponda to Shenzhen Changcheng Mould Technology Co., Ltd. (hereinafter referred to as “Changcheng mould”), with the transfer price of 66.3 million yuan. Opponda is the target company acquired through major asset restructuring in 2015. < p > < p > in 2015, * ST Fenda acquired opponda by means of major asset restructuring, with a transaction price of 1.1 billion yuan. In this regard, the letter of concern requests to explain whether there is a significant difference between the actual performance of opponda and the performance forecast at the time of purchase, and the reasons for the significant difference and its rationality. < / P > < p > explain the specific accounting treatment of the sale of 100% equity of opponda and its impact on the annual profit and loss, net assets and other performance indicators of * ST Fenda and the calculation process; whether the sale of opponda has a significant impact on the future operation and development of * st Fenda. < / P > < p > according to the announcement, the appraisal value of opponda is 66.2298 million yuan. In this regard, the letter of concern questioned whether there were differences between the current appraisal and the appraisal methods used in the acquisition of opponda. If so, it explained the reasons and rationality of the different appraisal methods used in the sale and acquisition of opponda, and analyzed the fairness of the transaction price; whether there were related relationships between Changcheng mold and the company, the actual controller and its related parties, directors, supervisors and senior executives, and whether there were any relationship The situation in which the joint party conveys interests. < / P > < p > the letter of concern also said that up to now, oupengda has a debt of 17.702 million yuan to * ST Fenda, which is to be paid off before the completion of the industrial and commercial change. *St penta explains the specific debt repayment arrangement and performance ability in combination with opponda’s capital and cash flow. According to the industrial and commercial information, opponda was founded on May 29, 2006 with a registered capital of 160 million yuan. Its main business scope includes the R & D and sales of automobile molds, fine blanking molds, special automation equipment, precision sheet metal parts, precision cutting tools (excluding controlled cutting tools and other prohibited and restricted items). < / P > < p > as for the reasons for the sale of opponda, * ST said on the evening of December 7 that in view of the requirements of 5g communication for signal and data transmission speed, the metal appearance parts of intelligent terminals are gradually replaced by glass, plastic, ceramics and other non-metallic materials, the industry competition is becoming increasingly fierce, the business prosperity is declining, and opponda has suffered huge losses for many years, seriously eroding the operating performance of listed companies. < / P > < p > * ST penta was founded in 1993. It started with R & D and manufacturing of loudspeakers. At present, it has formed four main businesses, namely electroacoustic, wireless, software and precision manufacturing. Its main products include electroacoustic products, health appliances, intelligent wearable products, wireless modules and metal exterior parts of mobile intelligent terminals. The company is actively laying out mobile medical products. < p > < p > in terms of performance, in 2018 and 2019, * ST Fenda lost 777 million yuan and 3.05 billion yuan respectively. In the first three quarters of 2020, * ST Fenda turned losses into profits and realized a net profit of 1.06 billion yuan. According to the relevant regulations of the exchange, if * ST endeavor continues to lose money in 2020, it will face the risk of suspending its listing. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. 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