Union Optech plans to issue additional shares to acquire 100% of Changyi Optoelectronics and raise matching funds, with the stock resuming trading
Union Optech plans to acquire 100% of Changyi Optoelectronics through a private placement of shares, with an issuance price of 16.18 yuan per share, and raise supporting funds. The company's stock will resume trading on June 4, 2025. Changyi Optoelectronics focuses on the research and production of optical lenses and precision components, with major clients including renowned companies such as Sunny Optical. This transaction will enhance the company's manufacturing capabilities and market competitiveness
According to the Zhitong Finance APP, Union Optech (300691.SZ) announced that the company plans to acquire 100% of Dongguan Changyi Optoelectronics Co., Ltd. ("Changyi Optoelectronics") through the issuance of shares and raise supporting funds, with the issuance price for the share purchase set at 16.18 yuan per share. Upon the company's application, the company's stock will resume trading on June 4, 2025 (Wednesday) at market opening.
It is reported that Changyi Optoelectronics is dedicated to the research, development, production, and sales of optical lenses and optical precision components; its main products currently include mobile phone lenses, general security lenses, etc., with clients including industry-renowned companies such as Sunny Optical, TP-Link, Ruijie Technology, and Ezviz Technology. The company and the target company belong to the optical lens industry, and both parties have significant synergy in terms of industry, market, technology, and management. This transaction will help enhance the company's processing and manufacturing capabilities and cost control abilities, assisting the company in increasing its market share and profitability
