Ninestar plans to acquire 100% equity of Pantum Electronics to increase its printer business

On July 21, Nasda issued an announcement stating that the company plans to purchase 100% of the equity of Zhuhai Bentu Electronics Co., Ltd. (hereinafter referred to as "Bentu Electronics") held by the existing shareholders through the issuance of shares and payment of cash, and raise matching funds (hereinafter collectively referred to as "this transaction"). This transaction is expected to constitute a major asset reorganization of the listed company.

The announcement shows that there is still uncertainty about relevant matters in this transaction. In order to protect the interests of investors and avoid a significant impact on the company's stock price, according to the relevant regulations of the Shenzhen Stock Exchange, upon the company's application, the company's stock (stock abbreviation: Nasda, stock code: 002180) will be suspended from trading from the opening of the market on July 22, 2020. The suspension is expected to last no more than 5 trading days.

According to the disclosure, Brother Electronics was established on December 24, 2014, and its business scope includes technology development, technical services; research and development, production, and sales of printers, printer consumables and related spare parts.

Nasda is mainly engaged in integrated circuit business and full printer industry chain business. Nasda expects the company's net profit attributable to the listed company in the first half of 2020 to be RMB 280 million to RMB 410 million, a year-on-year increase of -24.88% to 9.99%.