东山精密拟以59.35亿元收购索尔思光电100%股权

Group 1 - The core point of the news is that Dongshan Precision plans to acquire 100% of Source Photonics for a total investment not exceeding 5.93 billion RMB (approximately 6.29 billion USD) [2][3] - The acquisition aims to expand Dongshan Precision's business in the optical communication sector, with Source Photonics specializing in the design, development, manufacturing, and sales of optical communication modules and components [3] - The transaction will be structured as a combination of equity acquisition, employee stock option program (ESOP) acquisition, and convertible bond subscription, with the total investment amounting to no more than 5.93 billion RMB [4][7] Group 2 - Source Photonics is expected to generate revenue of 2.93 billion RMB and a net profit of 405 million RMB in 2024, with projected revenue of 975 million RMB and net profit of 156 million RMB for the first quarter of 2025 [4] - Dongshan Precision's investment includes a subscription for convertible bonds not exceeding 1 billion RMB, aimed at supporting Source Photonics' operational needs and repaying previous convertible bonds [4][7] - The acquisition follows a recently terminated acquisition attempt by Wantong Development, which had aimed to acquire a 60.16% stake in Source Photonics but was halted due to changes in the transaction environment [7][8]