Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
9000
CNY 10,000s (total external investment)Wording
Conditional
How definitive the wording is.This transaction
Investment in the new cleaning subsidiary (specified subsidiary)CounterpartyBeijing Integrated Circuit Equipment Industry Investment and Acquisition Phase II Fund (Limited Partnership), Beijing Electronics Control Industry Investment Co., Ltd.
Disclosing companyFerrotec Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Target company
Precision cleaning and refurbishment services for manufacturing equipment components, among other services
Location Tongzhou District, BeijingShare capital CNY 300 million (approximately ¥7 billion)Date of incorporation 23 March 2026
Consideration and expenses
Type of ConsiderationCash investment
Impact on Business Performance
The impact of this transaction on the Company's results for the current fiscal year is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionRepresentative: Ga Kenkan (賀賢漢). A director of the Company will concurrently serve as a director of the subsidiary. The corporate name and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Investment in the new cleaning subsidiary (specified subsidiary) |
| Counterparty name | Beijing Integrated Circuit Equipment Industry Investment and Acquisition Phase II Fund (Limited Partnership), Beijing Electronics Control Industry Investment Co., Ltd. |
| Name of the Subject Company | 富楽徳科技発展（北京）有限公司 |
| Business Description of the Subject Company | Precision cleaning and refurbishment services for manufacturing equipment components, among other services |
| Location of the Subject Company | Tongzhou District, Beijing |
| Capital Stock of the Subject Company | CNY 300 million (approximately ¥7 billion) |
| Date of Establishment of the Subject Company | 23 March 2026 |
| Type of Consideration | Cash investment |
| Voting rights ownership percentage | After FTSVA: 70.00%; Beijing Integrated Circuit Equipment Industry Investment and Acquisition Phase II Fund (Limited Partnership): 16.67%; Beijing Electronics Control Industry Investment Co., Ltd.: 13.33% (before not disclosed) |
| Impact on Business Performance | The impact of this transaction on the Company's results for the current fiscal year is expected to be immaterial. |
| Management structure after acquisition | Representative: Ga Kenkan (賀賢漢). A director of the Company will concurrently serve as a director of the subsidiary. The corporate name and treatment of employees: Not disclosed |
Items this document does not state (21)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The external investing companies for the new cleaning subsidiary disclosed on 12 February 2026 had been under discussion, and have now been finalized.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.