Recently, the refinement technology discloses a major asset restructuring plan, the company intends to non-public offering of shares and cash purchase of Shenzhen Co., Ltd. 100% stake in Pangu data (hereinafter referred to as "Pangu Data").
The plan includes a cash payment and issue of shares to buy assets and raise matching funds of two parts, the refinement technology intends Pangu Plaza Shenzhen Investment Management Co., Ltd., and Wuchen Xin Jing Gong Group to 10.2 yuan per share issue price of 353 million shares and to Pangu Plaza Shenzhen investment management Co., Ltd. and Wu Chenxin pay 1.65 billion yuan in cash to buy 100% stake Pangu data. Issue price of shares to buy assets of companies consider the use of bulletin board resolution for the first time this transaction before the 120 days average trading price of 90%. Second, the refinement technology intended to 12.93 yuan per share price to refinement Group total (Limited Partnership) Qingcheng Shan Rong investment management partnership two objects to issue shares to raise matching funds, a total of not more than 2.8 billion yuan, of which the fine Gong group to raise funds 2.2 billion. Issue price of shares issued to raise matching funds of not less than the pricing benchmark stock trading price of 20 trading days before 90%. The cash raised 28 billion yuan of funds used to pay for the acquisition of 100% shares of Pangu data on the price, as well as the acquisition and integration of Internet data center resources to supplement working capital and other listed companies.
  The aforementioned counterparty commitments audited net profit of Pangu data from 2016 to 2019 to achieve no less than 330 million yuan, 590 million yuan, 690 million yuan and 780 million yuan. In the performance commitment period, if Pangu data from 2016 to 2019 the cumulative net profit lower than the cumulative net commitments, the parties involved in trading profits of listed companies should be compensated to compensate, and for compensation obligations to accord priority to the way compensation shares profit compensation shortfall in cash compensation profit compensation.
    The successful implementation of the issuance of shares and cash to buy assets and raise matching funds premise of each other, together constitute the major asset restructuring integral part, such as to raise matching funds have not been approved by the China Securities Regulatory Commission, it is the second major asset restructuring relevant agreement does not take effect.
    After the completion of this transaction, refinement technology will achieve double main industry became explore cloud computing to achieve strategic transformation of the development process is an important milestone.

 Background Links: Shenzhen data Pangu Ltd. was established in March 2012, the main business of Internet Data Center (Internet Data Center, namely IDC) infrastructure and services based on the Internet data center cloud platform development and operation and maintenance, large data application development and other value-added services.
    Since its inception, we have been focused on providing customized IDC infrastructure services for large data center users, by providing customized planning, systems integration, managed services to meet end-user demand for services data center, and in the industry first proposed with "operators custom" business model, its main customers for communications operators, and with professional management and advanced technical expertise, has won Tencent and other high quality requirements, auditing standards and strict well-known large-scale Internet companies end customers trust.
     Currently, the data holding Pangu Ya force data, Latham investment, and Pangu Tiancheng Guangzhou Yin afternoon, Rui cloud computing total of five subsidiaries, has a beautiful Pangu data center, data center Pangu Henggang two data base center, which is located Shenzhen Longhua Fairview data center is one of the key strategic layout of the data center base in southern China. The park consists of 11 buildings will have four regional data centers are tailored to Tencent. The center has been successful in Schneider Electric data center energy efficiency certification, is China's largest micro-module data center, it is China's highest technical standard data center operators. Located in Shenzhen Longgang Henggang data center is divided into A, B two regions, covering more than 53,000m2, site resources are very abundant, with strong scalability, with about 15,000 overall chassis scalability, data is Pangu another key base in southern China strategic layout of the data center. In addition, data Pangu Pangu Beijing while also actively expanding data centers, data centers Chaozhou telecommunications hub, Guangzhou Science City data centers and other projects, the company has begun to take shape to become China's IDC infrastructure service delivery platform.
    The future, with the development of relevant national policies and support IDC industry will focus on data Pangu complete PaaS platform operations and maintenance, big data analysis and application development services, and other value-added services in the good infrastructure and services at the same time, improve their own operations ,Service capabilities.