Recently, Jiahui Chemical announced that the Group has acquired the entire equity of Ace Winner Holdings Limited (the Target Company) with a total consideration of RMB 400 million, and intends to pay in cash or issue convertible bonds or a combination of the two. After the completion of the Reorganisation, the Target Company became the direct holding company of the Hong Kong subsidiary. The Hong Kong subsidiary has a 69.44% interest in Jiangsu Wenrun Optoelectronics Co., Ltd., which is principally engaged in the design, manufacture and sale of LED and semiconductor lighting. Related Products. Jiahui Chemical The Directors are of the view that the Group's LED industry is promising. The Group's existing resources are redistributed (including but not limited to the disposal of the Group's assets) to the Group through the Acquisition. For new business, the directors will continue to look for other investment opportunities to further enhance the Group's future financial position. The maximum principal amount of the convertible bonds is not more than 400 million yuan, the annual interest rate is 3% and the three-year interest rate is 2.1 yuan per share, which is a discount of 8.69% to the closing price of 2.3 yuan. Pvc Bar Mat,Pvc Bar Spill Mat,Logo Bar Mat,Pvc Barmat Cixi Mingsheng Rubber & Plastic Co.,Ltd. , https://www.cixidoormats.com