Yihe Holdings Affiliated: It is intended to acquire all equity of Fuji Film Business Equipment for 62 million yuan

On July 20, 2022, Yihe Holdings (00838.HK) announced that yesterday, the buyer (the company's wholly -owned subsidiary) entered up the equity transfer contract with the seller. All the equity of the target company, the initial consideration is about RMB 62 million (about 72 million Hong Kong dollars), but can be adjusted.

On the same day, Yihe Group (the buyer's indirect holding company, and for the company's wholly -owned subsidiary) and Fuji Film Commercial Innovation (indirect holding company of the seller) established a basic contract. Innovation consent to establish a manufacturing arrangement, which stipulates that after the delivery, the group provides manufacturing services to Fuji Film Commercial Innovation on the printing equipment, components, accessories and related products; In the first three years after the delivery, the terms of the intention will make a minimum purchase arrangement of US $ 106 million, $ 106 million, and $ 86 million, respectively.

According to the announcement, the target company is mainly engaged in manufacturing digital laser printing equipment, multifunctional photocopiers and other printing equipment in China.

The company believes that through the acquisition matters, the advantages, resources and capabilities of the group to introduce the target company will be more conducive to the Group's development strategy of design and electronic manufacturing services ("DEMS"), better serve customers who have long -term cooperation, and and and with and with. The Group's existing office automation equipment business has a strong synergy effect. Expansion of the Group with high value -added A3 printer whole machine business and strengthening the Group's R & D team. In addition, according to manufacturing arrangements, Fuji film business innovation has promised to issue orders to the group after delivery to manufacture and sell several products to Fuji Film Commercial Innovation.

As of, Yiba Holdings rose 4.24%to HK $ 1.72, with a total market value of 2.999 billion Hong Kong dollars.

- END -