ATOP and SDGI Formally Achieved the Mergers and Acquisitions
ATOP CORPORATION (hereinafter referred to as “ATOP”) announced on Oct. 24th that Shenzhen SDG Information Co., Ltd. (hereinafter referred to as “SDGI”) [A stock code: 000070] and ATOP CORPORATION formally achieved the mergers and acquisitions deal recently. After acquisition and capital increase, SDGI will hold 70% ATOP shares and become the first majority shareholder and the actual controller of ATOP. In accordance with the agreement, the current management of ATOP will not change.
ATOP CEO Jack Fan said, “With the commercial application of 5G, optical transceiver industry will usher in huge opportunities and challenges. Faster update speed of new technology, increasingly higher-rate products for terminals, more special customization and large-scale manufacturing capability force transceiver manufacturers to invest more funds and technology to catch up with the pace of development. This time, because of the SDGI‘s acquisition which brought us fund guarantee and various resources, ATOP has the opportunity not only to keep up with this technology revolution but also allows us to reduce bottlenecks and risks in the later development to continue to expand ATOP and realize our dream of becoming a first-class company in this industry.”
About ATOP CORPORATION
ATOP CORPORATION is a professional optical transceiver manufacturer with high-speed optical device packaging manufacturing capability and high-speed optical module design and manufacturing capabilities. ATOP uses innovative and reliable technology for communication and data connection, and our products are widely used in wireless, transmission and data center. ATOP owns world-class equipment customers, and provides efficient and convenient optical communication solutions for global customers. On the basis of strong quality assurance, ATOP brand products are spreading throughout China, Europe, America and Southeast Asia and more than 30 countries.
About SDG Group
SDG, established on August 1st, 1981, was the earliest large-scale comprehensive enterprise group in Shenzhen. It has cultivated six listed companies and owns 11 directly managed core enterprises. There are 9 high-tech enterprises, 1 national technical center, 1 academician workstation, and more than 300 patents in the system of SDG. As of the end of December 2018, the company registered capital was 3.538 billion yuan, total assets were 19.42 billion yuan, and net assets were 11.089 billion yuan. SDG realized operating income of 8.627 billion yuan and total profit of 1.228 billion yuan in 2018.
The industrial business of SDGI covers fields such as the optical fiber and optical cable, intelligent network and military industry informationization, etc. The company has built the complete sales and service systems in more than 40 countries and regions in the world, and has various industrial bases as well as a dozen wholly-owned or holding subsidiaries in Shenzhen, Southwest China, East China and North China, etc. The annual output was more than 5 billion yuan.
In recent years, business benefits of SDGI has steadily improving and its industry status has been increasing. As of December 31, 2018, the company's total assets were 7.553 billion yuan and net assets were 2.761 billion yuan. 2018 operating income was 5.706 billion yuan, total profit of 353 million yuan, and net profit of 313 million yuan. The company's leading industrial capacity exceeded 20 million core kilometers. The intelligent terminal has a capacity of over 50 million sets.