A股电声龙头大手笔 拟不超1亿美元间接投资微显示巨头Plessey

Core Viewpoint - GoerTek announced a significant investment through its subsidiary Hong Kong GoerTech, providing up to $100 million in a secured loan to Haylo Labs Limited for the acquisition of Plessey Semiconductors Limited, aiming to advance Micro-LED technology and support AI smart glasses and AR business development [1][2] Group 1: Investment Details - The loan from Hong Kong GoerTech to Haylo has an annual interest rate of approximately 6.34%, with a five-year term and interest paid annually [2] - Haylo must sign a share transfer agreement with Plessey's original shareholders as a condition for using the loan funds [2] - In the event of Haylo or Plessey being acquired or going public, Hong Kong GoerTech will recover the loan principal and interest, plus 25% of the total acquisition value or market capitalization [2] Group 2: Plessey Overview - Plessey, established in 2000, is recognized in the Micro-LED sector and has developed a high-brightness Micro-LED display specifically for AR glasses [3] - Plessey's projected revenue for the fiscal year 2024 is $74.79 million, with a net profit of $12.41 million, and for fiscal year 2025, revenue is expected to be $72.72 million with a net profit of $2.80 million [3] - As of June 30, 2025, Plessey's total assets are estimated at $119 million, with shareholder equity of $2.33 million [3] Group 3: Financial Assessment - GoerTek believes Plessey's debt repayment capability is better than indicated by its balance sheet, with fair value of assets covering the loan amount [4] - Plessey is currently profitable and is expected to improve its financial performance as the global market for AI smart glasses and AR products grows rapidly [4] - GoerTek, a leader in the acoustic industry, has a strong presence in smart hardware sectors, including VR, MR, and AR, and anticipates a new wave of rapid development in AR products in the coming years [4]