An unknown buyer entered into a term sheet to acquire Newcastle Jets Football Operations Pty Limited from Ledman Optoelectronic Co., Ltd..
June 19, 2020
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An unknown buyer entered into a term sheet to acquire Newcastle Jets Football Operations Pty Limited from Ledman Optoelectronic Co., Ltd. (SZSE:300162) on June 20, 2020. Transaction is subject to approval from Football Federation Australia. Transaction is expected to close in weeks than months. Proceeds from the divestment will be to reduce the debt of Newcastle Jets Football Operations Pty Limited.
Ledman Optoelectronic Co.,Ltd. is mainly engaged in light-emitting diode (LED) business and sports business. Its LED business is mainly engaged in LED packaging device, LED display, LED lighting, LED media and LED energy saving businesses. The Company's main products include display products, lighting products and packaging products. Its sports business is mainly engaged in the event resource operation, player brokerage, football youth training, football campus and football and sports media businesses. The Company distributes its products in domestic market and to overseas markets, such as North America, Europe and other areas of Asia.