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The acquisition will enable Liard to expand the sales of existing LED display products and enhance its position in the international market.
The board of directors of Pingda Electronics unanimously passed the merger agreement and recommended that its shareholders vote to support the merger. Pingda Electronics hopes to hold a special meeting with shareholders and implement mergers and acquisitions as soon as possible.
Li Jun, Chairman of Liard, said: "We believe that Pingda Electronics and Liard will promote each other, learn from each other's strengths, and gain significant improvement. In the future, Liard will continue to support the development of Pingda's electronic business. The acquisition also proves Liad insists on the determination to expand its international position. It integrates Pingda Electronics' strong customer resources and Liard's leading position in video display technology to provide customers with more perfect solutions."
Gerry Perkel, President and CEO of Pingda Electronics, also said: "I believe that this fair will bring great opportunities to our shareholders, employees and customers. Based on the latest trading price of our stock, Liard's acquisition will be Providing 42% additional market investment for our investors, based on the nearly one-week weighted average price of Pingda Electronics' common stock, $4.35, which will increase the investment by 51%. This will enhance Pingda Electronics' position and promote the company's development and innovation. ."
Acquisitions that meet certain criteria are expected to be carried out in the fourth quarter of 2015. 
On August 12, Liard and the United States Pingda Electronics (the world's top display and digital signage system supplier) announced that the two parties reached a final merger agreement, Liard's US subsidiary will acquire all common shares of Pingda Electronics at $6.58 per share. . On the basis of complete dilution, the total share price of Pingda Electronics is approximately US$156.8 million (approximately RMB 1 billion). The equity transfer is in line with the delivery conditions passed by the shareholders of both parties, in compliance with the anti-monopoly law and obtained the government's permission.