On August 19, 2018, Lidman issued a notice stating that Beijing Madika Technology Co., Ltd., the controlling shareholder of the company, and Guangzhou Kaide Technology Development Co., Ltd. signed the Cooperation Framework Agreement, Kaide Technology (or its designated same The related parties under control) intend to transfer Lidmann held by Medica with an estimated price of RMB 990 million to not exceed 29.90% of the shares.
According to the data, the equity transfer party was established in November 1998 with a registered capital of 900 million yuan. The business scope covers the introduction, investment, research, development, design, production, engineering installation and technology of high-tech projects. Transfer, technical advice and provision of related business services, wholesale and retail. As of now, Guangzhou Kaide Holdings Co., Ltd. holds 100% of the company's equity.
In recent years, the projects invested by Kaide Technology have focused on display panels and pharmaceuticals. In 2012, Kaide Technology and South Korea's LGD Corporation jointly invested in the 8.5th generation of thin film transistor liquid crystal display device (TFT-LCD) project with a total investment of 4 billion US dollars. The project was officially put into operation in September 2014. In October 2017, Kaide Technology and South Korea's LGD Company signed a cooperation agreement for LG's new project to jointly build a display panel production line with a total investment of 46 billion yuan. The project is expected to achieve mass production in 2019.