Core Viewpoint - Defu Technology announced the termination of its planned acquisition of Circuit Foil Luxembourg S.a.r.l. due to the failure to obtain unconditional approval from foreign authorities, which will not adversely affect the company's normal operations or financial status [1][11]. Acquisition Termination - The acquisition was initially valued at €1.74 billion (approximately ¥14.13 billion) and was part of a strategy to enhance Defu Technology's position in the high-end IT copper foil market [1][13]. - The Luxembourg Ministry of Economy imposed conditions on the foreign direct investment approval, limiting the investor's voting rights and decision-making power, which led to the decision to terminate the acquisition [6][15]. New Acquisition Plan - Simultaneously, Defu Technology announced a new plan to acquire at least 51% of Huiru Technology, a manufacturer of electrolytic copper foil, through cash purchase and capital increase [7][16]. - This acquisition aims to address the growing market demand and expand production capacity from 175,000 tons per year to 195,000 tons per year, solidifying its position as the largest electrolytic copper foil producer globally [18]. Financial Performance - For the first three quarters of 2025, Defu Technology reported revenues of ¥8.5 billion, a year-on-year increase of 59.14%, and a net profit of ¥66.59 million, up 132.63% [18]. - The company also signed a framework agreement to supply high-end electronic circuit copper foil products, which is expected to positively impact its 2026 financial performance [19].
301511，海外并购终止