Forbon(SZ:300387) Jing Ji Guan Cha Bao·2025-12-23 05:59Core Viewpoint - The ongoing legal dispute regarding the acquisition of Holland Novochem B.V. by Forbon Technology Netherlands B.V. has resulted in a court ruling requiring Forbon to pay over €6.1 million in compensation, interest, and legal fees to HNC [1][3]. Group 1: Acquisition Background - In 2015, Forbon Technology Netherlands B.V. aimed to acquire 100% of Holland Novochem to enter the European fertilizer additive market, marking a significant step in the company's overseas expansion strategy [1]. - The acquisition involved a payment plan divided into four installments, with the final payment due in 2018. Disputes arose over the calculation of Holland Novochem's 2017 profits, leading to disagreements on the final payment amount [2]. Group 2: Legal Proceedings - In 2019, Forbon paid €9,389,827 to a trust account for the fourth installment, but HNC did not accept this payment, leading to a court case in Amsterdam [2]. - In March 2024, the court ruled that Forbon must pay €9,289,192.50 for the equity transfer, with the transfer of 15% of Holland Novochem's shares occurring shortly thereafter [2]. - In October 2024, HNC initiated a lawsuit for damages related to the delayed payment, seeking statutory interest and compensation, which led to asset preservation measures against Forbon [3]. Group 3: Financial Impact - The court's ruling in December 2025 mandated Forbon to pay over €6 million in statutory interest and legal fees, rejecting Forbon's counterclaim [3]. - Forbon is expected to recognize a provision in its 2025 annual report, which could reduce its net profit by approximately ¥48.04 million, over half of its net profit of ¥93.59 million for 2024 [4]. - The company has indicated plans to appeal the ruling, with potential impacts on current and future profits remaining uncertain [4].