SANAN(SH:600703) Zhong Zheng Wang·2025-08-02 05:33Group 1 - The core point of the news is that Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million in cash, in partnership with foreign investor Inari [1] - Sanan Optoelectronics and Inari will establish a joint venture in Hong Kong with a total investment of $280 million, where Sanan will contribute 74.5% and Inari 25.5% [1] - Lumileds Holding B.V. specializes in mid-to-high-end LED products for automotive lighting, camera flash, and specialty lighting, and has a comprehensive production process and diverse product range [1] Group 2 - The target company has reported losses in recent years due to macroeconomic factors and high operational costs [2] - The enterprise value of the transaction is $239 million, while the net asset value of the target company is projected to be $210 million by the end of 2024 [2] - Sanan Optoelectronics anticipates that the acquisition may result in some goodwill, although the amount is expected to be small and will be determined based on the final transaction price and audit [2]