2026-04-20
Suddenly! Sanan Optoelectronics terminates its 1.6 billion acquisition! CFIUS recognizes' national s
Looking back at the previous situation, Sanan Optoelectronics announced on August 2, 2025 that the company plans to acquire 100% equity of the target company in conjunction with overseas investor Inari for cash of 239 million US dollars. To ensure the smooth implementation of this transaction and the subsequent daily operation of the target company, the company and Inari plan to jointly invest 280 million US dollars in Hong Kong through their respective subsidiaries at a ratio of 74.5% and 25.5% to establish a joint venture company (hereinafter referred to as the "Hong Kong SPV"), which will be used to pay the transaction consideration, transaction fees, and supplementary target working capital to Lumileds Subholding B.V. (hereinafter referred to as the "counterparty"). Both parties will sign a "Cooperation Agreement" and its annexes (including the "Shareholders Agreement"). After the completion of this transaction, the company will indirectly hold 74.5% equity of the target company and include it in the scope of the consolidated financial statements.
