Mei Ri Jing Ji Xin Wen·2025-06-13 16:33Core Viewpoint - Dongshan Precision plans to invest up to 5.935 billion yuan to acquire 100% of Source Photonics Holdings and subscribe to its convertible bonds, aiming to enhance its position in the optical communication market and expand its business growth points [1][2]. Group 1: Acquisition Details - The acquisition price for Source Photonics is set at no more than 629 million USD, with an additional 58 million USD for employee stock ownership plan rights and up to 1 billion yuan for convertible bonds [2]. - Source Photonics is a leading company in the optical communication sector, focusing on the design, development, manufacturing, and sales of optical communication modules and components, with applications in data centers, telecom networks, and 5G communications [2]. Group 2: Financial Performance of Source Photonics - In 2024, Source Photonics achieved approximately 2.9 billion yuan in revenue and around 400 million yuan in net profit, with a net asset value of about 1 billion yuan at the end of the previous year [6]. - The market value of Source Photonics' total equity was assessed at 4.56 billion yuan as of December 31, 2024 [6]. Group 3: Shareholding Structure and Approval Process - The shareholding structure of Source Photonics is complex, with 16 shareholders, including significant holdings by Diamond Hill, L.P. and Shanghai Qilan Enterprise Management Consulting Partnership [7][10]. - The approval of the transaction by Huaxi Co., Ltd.'s shareholders is crucial, as the failure to obtain approval could lead to the termination of the share transfer agreement [10].