Shang Hai Zheng Quan Bao·2025-10-18 01:09Core Viewpoint - Goer Group (歌尔股份) has decided to terminate the acquisition of 100% equity in Mega Precision Technology Limited and Channel Well Industrial Limited for approximately HKD 10.4 billion (around RMB 9.5 billion) due to the inability to reach consensus on key terms with the transaction counterparties [1][3][4]. Group 1: Acquisition Termination - The company actively pursued the acquisition, conducting due diligence, audits, and evaluations, but failed to agree on critical terms with the counterparties [3][4]. - The acquisition was initially aimed at strengthening the company's competitiveness in the precision components sector and enhancing vertical integration capabilities [4]. Group 2: Future Strategies - The company plans to continue its strategic goals through internal development and diversified investments and acquisitions to promote long-term healthy growth and enhance shareholder value [5]. Group 3: Ongoing Transactions - Goer Group is advancing a significant transaction involving its subsidiary, Goer Optical, to enhance its core competitiveness in wafer-level micro-nano optical devices, supporting future developments in AI smart glasses and AR [6][7]. - Goer Optical intends to increase its registered capital by RMB 530 million to acquire 100% equity in Shanghai Aolai for a transfer price of RMB 1.903 billion, with the transfer price exceeding the new registered capital amount [6][7]. Group 4: IPO Progress - Goer Microelectronics, a subsidiary of Goer Group, has submitted its second IPO application to the Hong Kong Stock Exchange this year, with several financial institutions acting as joint sponsors [8]. - The company reported revenues of approximately RMB 3.121 billion, RMB 3.001 billion, RMB 4.536 billion, and RMB 1.120 billion for the years 2022, 2023, 2024, and the first three months of 2025, respectively [8]. - Goer Microelectronics is positioned as the fifth-largest provider of smart sensing interaction solutions globally, with a market share of 2.2%, and has shipped over 5 billion sensors [10].