Le source Digital and its controlling shareholder Le Liuping signed the "Capital increase and equity transfer Agreement"

Today, the Beijing Electronics (002579, close 11.36 yuan) announced that the company and Guangdong le Source Digital technology Co., Ltd. (hereinafter referred to as music source digital) and its controlling shareholder Le Liuping signed the "Capital increase and equity transfer agreement", Beijing electronic to 30 million yuan to the source of the number of capital increase, And to 30 million yuan by the music six ping held the number of shares of music source. Once the investment is completed, the company will hold a 20% per cent stake in the source number.

Data show that Le Source digital is a commitment to wear-smart core technology and cloud development and application of innovative technology enterprises, but also has a full range of intelligent watch product categories, deep technical accumulation, complete team structure and smooth sales channels of intelligent wearable industry companies. Le source Digital smart watch business involves intelligent old-age, health management, fashion sports and other three areas, for intelligent endowment, personal health, outdoor sports to achieve Terminal Services. Company's existing products mainly include wearable smartphone watches, Bluetooth watches and so on.

It is worth mentioning that, as at the end of March 2014, le source digital net worth of 45.6397 million yuan, the transaction on its valuation of 300 million yuan, value-added rate of 557.32%. Le Source Digital 2013 and 2014 1 ~ March, respectively, the realization of operating income of 37.0674 million yuan, 30.166 million yuan, net profit of 829600 yuan and 5.5591 million yuan respectively.

For such a heavy transaction, the trading side le six flat also gave performance commitment, the company 2014 ~2016 year to achieve the net profit of not less than 35 million yuan, 50 million yuan and 65 million yuan.

"Daily economic News" notes that China-Beijing Electronics also mentioned that 2017, before the end of the IPO or backdoor or by the listed company mergers and acquisitions, China-Beijing electronics have the right to opt out, le Six-level commitment in accordance with the annual interest rate of not less than 11% of the earnings of the listed companies held by the company's shares. This commitment is a mandatory undertaking and Le Liuping is responsible for its assets.

Beijing Electronic said that the investment is to the downstream industry chain extension, is the company's involvement in emerging industries an important opportunity.