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ferrotec to suspend trading tomorrow, plans to acquire semiconductor-related assets of ferrotec group

2024-09-26

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anhui fulide technology development co., ltd.
anhui fulide technology development co., ltd. (hereinafter referred to as "flide", 301297) has been suspended since september 26 due to the planning of major asset reorganization.
on the evening of september 25, ferrotec issued an "announcement on the planning of major events and suspension of trading" stating that the company is planning to acquire the semiconductor industry-related assets (hereinafter referred to as the "target assets") of its indirect controlling shareholder ferrotec group by issuing rmb common stock and convertible corporate bonds, cash (if any), etc.
fulide said that this transaction is expected to constitute a major asset reorganization as stipulated in the "management measures for major asset restructuring of listed companies" (revised in 2023) and also constitutes a related transaction.
"in view of the uncertainty of related matters, in order to ensure fair information disclosure, safeguard the interests of investors and avoid significant impact on the company's stock price, in accordance with relevant regulations, the company's shares will be suspended from the opening of the market on september 26, 2024 (thursday). the company expects the suspension to last no more than 10 trading days," fulide pointed out.
fulide further pointed out that during the suspension period, the company will fulfill its information disclosure obligations in strict accordance with the provisions and requirements of relevant laws and regulations based on the progress of relevant major events. once the relevant major events are determined, the company will promptly issue relevant announcements and apply for the resumption of trading of the company's shares.
in the announcement, fulide also stated that there are still uncertainties in the above-mentioned major planned events. please pay attention to the company's subsequent announcements and pay attention to investment risks.
according to the official website, fulide is a provider of precision cleaning services for equipment in the pan-semiconductor (semiconductors, display panels, etc.) field. it focuses on providing one-stop precision cleaning services for equipment to manufacturers in the two major fields of semiconductors and display panels, and provides customers with integrated cleaning and regeneration solutions for production equipment pollution control.
at present, the service area of ​​fulide production base has basically covered the pan-semiconductor manufacturing developed regions such as the north, southwest, east china, and south china. the company has developed into a few pan-semiconductor equipment precision cleaning service providers with international competitiveness in mainland china.
as for ferrotec group, the indirect controlling shareholder of the target assets that fulide intends to acquire, the official website shows that ferrotec group (china) was established in hangzhou, zhejiang in 1992. it is a diversified enterprise integrating product research and development, manufacturing and sales established in china by japan magnetic technology holdings co., ltd. it manages more than 30 companies across china, providing materials, devices, equipment and system solutions to domestic and foreign customers. among them, ferrotec co., ltd. has a global marketing network and is a multinational group with many high-end production technologies.
as a supplier of semiconductor products and solutions, ferrotec group (china) takes magnetic fluid technology and magnetic fluid sealing technology as its cornerstone, and is engaged in the research and development, manufacturing and sales of semiconductor silicon wafers, thermoelectric semiconductor cooling materials and devices, semiconductor quartz products, precision ceramic products, semiconductor vacuum transmission devices and large cavities, electron beam evaporation coating machines, precision cleaning, copper-clad ceramic substrates (dcb, amb, dpc), semiconductor equipment, single crystal furnaces and other products. its products cover many fields such as electronics, semiconductors, mechanical processing, solar power generation, automobiles/new energy vehicles, household appliances and medical devices.
according to fulide's 2024 semi-annual report, as of the end of the reporting period, there were two shareholders with a shareholding ratio of more than 5%. among them, shanghai shenhe investment co., ltd. holds more than half of the shares, which is 50.24%; shanghai zuzhen enterprise management center (limited partnership) holds 5.91%.
in terms of performance, in the first half of 2024, fulide's operating income was 338 million yuan, a year-on-year increase of 20.76% (compared with the same period of the previous year); the net profit attributable to shareholders of the listed company (hereinafter referred to as "net profit") was 50.012 million yuan, a year-on-year increase of 28.12%.
in the first half of this year, fulide's basic earnings per share was 0.15 yuan/share, a year-on-year increase of 28.08%. as of the end of the reporting period, fulide's total assets were 1.694 billion yuan.
wind data shows that fulide's revenue has exceeded 500 million yuan in the past three years, with revenues of 569 million yuan, 624 million yuan and 594 million yuan from 2021 to 2023 respectively.
as of the close of september 25, fulide closed at 20.82 yuan per share, down 0.14%.
tian zhongfang, senior reporter of the paper
(this article is from the paper. for more original information, please download the "the paper" app)
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