Core Viewpoint - Huawai Technology Co., Ltd. is advancing its overseas expansion strategy by acquiring assets from the German company Vitz and its affiliates for a total of €10.3 million, aiming to enhance its research, production, and sales of spring products in Europe [1][2][8] Investment Background - The investment decision was approved during the board meeting on October 20, allowing up to €20 million to be invested in two German subsidiaries for spring product operations [2] - The funding for this acquisition will come from the company's own or self-raised funds [2] Transaction Counterparty - The main counterparty is Johann Vitz GmbH & Co. KG, a company established in 1908, which has recently filed for bankruptcy [3] - Vitz specializes in the production of springs and stamped parts, with an estimated revenue of €34 million in 2024 [3] Transaction Details - The acquisition consists of three agreements totaling €10.3 million, which includes fixed assets, land, buildings, and equipment [4][5][6] - The first agreement involves the purchase of fixed assets and intellectual property for €800,000 [4] - The second agreement covers the acquisition of land and buildings for €5.5 million [5] - The third agreement pertains to the purchase of machinery and equipment for €4 million [6] - The total amount represents 51.5% of the initially planned €20 million investment [6] Strategic Significance - The acquisition aims to integrate Vitz's technological expertise and customer resources in the spring sector, enhancing Huawai's competitiveness in the European market [7][8] - The assets acquired will support local production in Germany, fulfilling supply commitments to overseas customers and improving R&D capabilities [8]

Core Viewpoint - The company, Huawei Technology, announced plans to invest up to €20 million in two German subsidiaries for the development, production, and sales of spring products in Germany [1] Group 1: Investment Strategy - The investment will be made through the wholly-owned subsidiary Huawei Supply Chain (Hainan) Co., Ltd. [1] - The funding will be sourced from the company's own funds or raised funds [1] Group 2: Market Expansion - The investment aims to further expand the company's presence in overseas markets [1] - The two German subsidiaries will focus on research and development, production, and sales of spring-related products [1]

Core Viewpoint - The company plans to invest up to 20 million euros through its wholly-owned subsidiary, Huawai Supply Chain (Hainan) Co., Ltd., into two German subsidiaries for the development, production, and sales of spring products [1] Investment Details - The investment will be made in Jinsheng Holding Germany GmbH and Jinsheng Federn Germany GmbH [1] - The funds will be used for various purposes including land acquisition, equipment purchase, factory construction, direct acquisition of existing assets, and daily operational expenses [1]

Core Viewpoint - The company plans to invest up to 20 million euros through its wholly-owned subsidiary, Huawai Supply Chain (Hainan) Co., Ltd., into two German subsidiaries for the development, production, and sales of spring products [1] Investment Details - The investment will be made in Jinsheng Holding Germany GmbH and Jinsheng Federn Germany GmbH [1] - The funds will be used for various purposes including land acquisition, equipment purchase, factory construction, direct acquisition of existing assets, and daily operational expenses [1]