HONG KONG ECONOMIC TIMES (August 13) - Guo'en Technology (02768) H-shares are down 16.7%, trading at HK$37.3, with approximately 1.32 million shares traded, involving HK$493.4 million. Its A-shares (Shenzhen: 002768) are currently at RMB 66, down RMB 2.79, or 4.1%, with RMB 965.4 million traded, involving 1.53 million shares. At current prices, the A-shares are trading at a 106.3% premium over the H-shares.
Guo'en Technology announced it will spend approximately RMB 1.5 billion to acquire 80% equity interest in Sichuan Zhongheng Neng New Materials Technology from Lai Minggui.
The group stated that Sichuan Zhongheng Neng New Materials Technology is engaged in the production and sale of products such as sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride, and posted profits of RMB 65.91 million in the first seven months of this year. The acquisition is subject to performance commitments. Lai Minggui has committed that Sichuan Zhongheng Neng shall achieve net profits of no less than RMB 110 million, RMB 130 million, and RMB 160 million for the fiscal years ending December 31, 2026, 2027, and 2028, respectively, and the total committed net profit over these three years shall be no less than RMB 400 million.
The group stated that the acquisition will expand its business into the high-purity electronic specialty gases market, strengthening its product portfolio by introducing electronic specialty gas products used in high-voltage power facilities, advanced manufacturing, display panels, and other fields. (am)
Guo'en Technology announced it will spend approximately RMB 1.5 billion to acquire 80% equity interest in Sichuan Zhongheng Neng New Materials Technology from Lai Minggui.
The group stated that Sichuan Zhongheng Neng New Materials Technology is engaged in the production and sale of products such as sulfur hexafluoride, carbon tetrafluoride, and nitrogen trifluoride, and posted profits of RMB 65.91 million in the first seven months of this year. The acquisition is subject to performance commitments. Lai Minggui has committed that Sichuan Zhongheng Neng shall achieve net profits of no less than RMB 110 million, RMB 130 million, and RMB 160 million for the fiscal years ending December 31, 2026, 2027, and 2028, respectively, and the total committed net profit over these three years shall be no less than RMB 400 million.
The group stated that the acquisition will expand its business into the high-purity electronic specialty gases market, strengthening its product portfolio by introducing electronic specialty gas products used in high-voltage power facilities, advanced manufacturing, display panels, and other fields. (am)
