Company Intends To Acquire 91% Equity Interest In Beek Power

- Nov 15, 2016-

Long letter Technology (300088) announcement, the company intends to acquire Shenzhen Beek Battery Co., Ltd. and other shareholders held by the Shenzhen Beek Power Battery Co., Ltd. (hereinafter referred to as Beek power) total 91% equity.          

Beek power was founded in August 2005, the main business for the production of polymer lithium ion battery, MP3 battery, MP4 battery, mobile phone battery, the new energy automotive batteries, storage batteries, notebook batteries, digital batteries, battery lamp.          

Long letter technology, said the company's development strategy is to focus on the integration of new energy smart car assets or capital. Up to now has reached a preliminary cooperation intention with the Beek power, but has not signed a formal agreement, but also need to further communicate the specific content of the transaction program.          

Long letter Technology in the first three quarters of the total operating income of 4 billion 929 million yuan, an increase of 57.93%; net profit of 230 million yuan, an increase of 34.44%. Operating income compared to the same period last year to achieve a substantial increase, mainly because of the rapid growth of Depp's special electronic sales, maintaining strong growth since the beginning of the situation.

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