Core Viewpoint - The acquisition plan by GoerTek Inc. for the full ownership of Mia Precision Technology Co., Ltd. and Changhong Industrial Co., Ltd. has been terminated due to the inability to reach an agreement on key terms between the parties involved [1][2]. Group 1: Acquisition Details - GoerTek planned to acquire the two companies for approximately HKD 104 billion (around RMB 9.5 billion) [1]. - The two target companies are registered in Hong Kong and are wholly owned by Lianfeng Group [2]. - Mia was established in 2007 with a registered capital of HKD 500 million, focusing on investment holding and precision metal parts trading, while Changhong was founded in 2004 with a registered capital of HKD 50 million, also focusing on investment holding [2]. Group 2: Financial Impact - The termination of the acquisition will not adversely affect GoerTek's operational performance or financial status, and there are no damages to the interests of the company and its shareholders [2]. - The combined unaudited revenue of the two target companies for the fiscal year 2024 is approximately HKD 9.11 billion [2]. Group 3: Strategic Implications - The acquisition was intended to enhance GoerTek's vertical integration capabilities and strengthen its competitive position in the precision structural components sector [3]. - GoerTek's half-year report for 2025 indicated a net profit attributable to shareholders of RMB 1.417 billion, a year-on-year increase of 15.65%, while total revenue was RMB 37.549 billion, reflecting a year-on-year decrease of 7.02% [3].
果链巨头百亿港元并购,终止!