Rich technology radical takeover criticized acquisition assets now losses drag performance

Rich technology has been planning an acquisition that has been the sixth since the company's IPO in more than two years. However, from the performance of the first half of this year, the majority of the company's acquisition of assets did not bring good profits, but the loss, drag performance. The company plans to use shares and cash to acquire a holding subsidiary Shenzhen Huayang Microelectronics Co., Ltd. (hereinafter referred to as "Huayang microelectronics") The remaining 48% stake, the value of 249 million yuan, the value-added rate of 927.13%. Public information shows that technology in 2011 bought Huayang Microelectronics 52% of the equity. However, the current target companies show poor performance, its net profit last year was 24.57 million yuan, but the first half of this year lost 864,400 yuan. Beijing Commercial News reporter noted that the technology has been in the past two years in a more aggressive merger and acquisition expansion, but the expansion did not give the company a substantial profit. In this year's results, five of the subsidiaries from the acquisition of three of the losses, and last year's acquisition of the Chengdu Italian Electronics Technology Co., Ltd. was due to poor performance in this year was returned to the old owners. So, in the acquisition of assets not profit against the background of losses, rich technology this time again to buy Huayang Microelectronics's stake again? To this, the big rich science and technology certificate, "We think Huayang microelectronics to the development of the breakthrough period, through the company this two years of investment, think it relatively mature, so to buy it in." And with those previous experiences, the new acquisitions will certainly be more cautious. (Beijing Business Daily)