HENGERDA(300946) Zhong Guo Jing Ying Bao·2025-05-16 07:55Core Viewpoint - Fujian Hengerdan New Materials Co., Ltd. announced an asset acquisition plan to purchase the high-precision CNC grinding business from SMS Maschinenbau GmbH for €8.5 million, leading to a significant stock price increase of 20% over three consecutive trading days [2][3][8]. Group 1: Acquisition Details - The acquisition will be executed through a cash payment of €8.5 million (approximately ¥69.36 million), funded by Hengerdan's own or self-raised funds, without involving share issuance [3]. - The transaction will be carried out by Hengerdan's wholly-owned subsidiary registered in Germany, Blitz 25-430 GmbH, which will acquire tangible and intangible assets, including inventory, technical equipment, and intellectual property [3][6]. - The total book value of the related tangible and intangible assets is approximately €8.4 million as of December 31, 2024, with a completion deadline for the transaction set no later than June 30, 2025 [3][5]. Group 2: Strategic Rationale - Hengerdan aims to accelerate its international expansion and enhance its core technology and innovation capabilities in intelligent CNC equipment through this acquisition [7]. - The decision to pursue an asset purchase rather than a share transaction was made to avoid extensive due diligence and potential legal and debt risks associated with equity transactions, allowing for quicker integration of SMS's business and assets [5][6]. Group 3: Market Reaction - Following the announcement of the acquisition plan, Hengerdan's stock price experienced a notable increase, with a cumulative rise of over 30% across several trading days [8]. - Prior to the announcement, the stock had already seen a rise of 15.78%, indicating strong market interest and investor confidence in the acquisition strategy [8].