Hongchang Technology Plans to Acquire 45% Stakes in Two Companies for Up to 720 Million Yuan

M&A · Partnership
โดย 为自有及自筹资金·CN·Read original
Summary · why it matters

Hongchang Technology announced on the evening of August 6 that it plans to acquire a 45% stake in Kunwu Semiconductor Technology Jiangxi Company and a 45% stake in Anhui Youpin New Materials Company for cash, with the total consideration expected not to exceed 720 million yuan. Of this, the 45% stake in Kunwu Semiconductor is priced at no more than 405 million yuan, and the 45% stake in Youpin New Materials is priced at no more than 315 million yuan, funded by internal and raised capital. Both target companies focus on the field of lab-grown diamond materials and are controlled by Wang Gang. After the transaction, they will become controlled subsidiaries of Hongchang Technology and be consolidated into its financial statements. The company cautioned that the target companies' businesses, such as heat dissipation materials, face risks including long verification cycles, technological iteration, and uncertain downstream volume growth. Since the start of this year, Hongchang Technology has announced multiple investment plans, while its non-recurring net profit for 2024 and 2025 fell by 49.40 percent and 59.72 percent year-on-year respectively, first-quarter revenue this year dropped 5.42 percent year-on-year, and non-recurring net profit decreased by over 70 percent year-on-year.

Impact on stocks 2

Others▲ · 2 stocks

Off-coverage companies 2

安徽尤品新材料有限公司Private▲ Positive
Capitalrelevance

Being acquired by Hongchang Technology, becoming a controlled subsidiary.

昆吾半导体科技（江西）有限公司Private▲ Positive
Capitalrelevance

Being acquired by Hongchang Technology, becoming a controlled subsidiary.

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