China company Leyard announced on November 4 that it intends to acquire 100% equity of American Natural Point, Inc. (NP Company) in the United States for 125 million US dollars (about RMB 844 million) through its subsidiary, Pinda. NP will become a wholly-owned subsidiary of Pindar. At the same time, Pinda will purchase the real estate of the target company's current business site, located in Corvallis, Benton County, Oregon, for US $ 3 million (about RMB 20.27 million).
Established in 1996, NP has the world's leading 3D optical motion capture technology. The optitrack series of optical positioning products developed by NP are leading the VR / AR field. Including the world's first VR theme park TheVOID and the famous domestic motion capture company Nuo Yiteng have used optitrack series products. In addition, NP's products are also used in industrial-grade optical tracking and positioning, as well as in the production of animation CG.
Public information shows that Liyad had previously specialized in R & D of LED application products. Since this year, Liyad has a lot of investment layout in the field of VR. Riad Hong Kong invested $ 2 million to participate in the establishment of PVMLLLC, which bought 211,000 shares of Magic Leap preferred shares it held from Legend Pictures for $ 5 million. Liyad Group also invested 15 million yuan to set up Beijing Heijing Technology with Qingdao Heijing Technology in a 20% share, and is committed to exploring VR education and offline experience stores.
Riad's announcement shows that this merger is subject to investigation by relevant US regulatory agencies, so there is a risk of merger failure. According to the "Merger Agreement" signed by Pindar Company, NEW PANTHER ACQUISITIONCORP., NP Company and James Richardson on November 3。