Dawn(SZ:002838) Zhi Tong Cai Jing·2026-02-02 11:33Core Viewpoint - The company plans to acquire the plastic and engineering plastic compound business division of Hwaseung Chemical Vietnam Co., Ltd. for a total purchase price of approximately $15.737 million [1] Group 1: Acquisition Details - The acquisition will be executed through the establishment of a new company via a spin-off of the existing compound business division by the seller [1] - The target company's 100% equity will be transferred to the company's wholly-owned subsidiary, Dawn Polymer Materials (Singapore) Investment Co., Ltd. [1] - Following the equity transaction, the target company intends to sign a transfer agreement for additional real estate rights with Hwaseung Polytech Co., Ltd. for a price of $1.3 million, which includes 5,626 square meters of land use rights and ownership of a 942 square meter building [1] Group 2: Strategic Rationale - The implementation of this acquisition aims to align with the trend of key customers shifting their supply chains to regions like Vietnam [1] - The move is intended to enhance strategic partnerships, improve customer loyalty, and effectively respond to changes in the competitive landscape [1] - The acquisition will facilitate localized supply to meet customer demands for supply chain stability, responsiveness, and cost optimization, thereby enhancing order acquisition capabilities [1]