Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
150
CNY million (approximately ¥3.6 billion)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of Shares in an Equity-Method InvesteeCounterparty杭州博日科技股分有限公司
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.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of specialized equipment for semiconductor manufacturing equipment, metal surface treatment, heat-treatment processing and related businesses
Location 安徽省铜陵市义安区义安经济开发区南海路与博日路交叉口 (China)Share capital CNY 300 million (approximately ¥7.1 billion)Date of incorporation 24 June 2024
Net Sales¥478.872 million (fiscal year ending March 2026)
Operating profitOperating loss of ¥352.110 million (fiscal year ending March 2026)
Net income for the current fiscal yearNet loss of ¥440.872 million (fiscal year ending March 2026)
Net assets¥5,762.177 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceCNY 150 million (approximately ¥3.6 billion)
Type of ConsiderationCash
Impact on Business Performance
The impact of this transaction on the Company's results for the current fiscal year is expected to be immaterial. The Company will promptly disclose any matters requiring disclosure.
Procedures and assumptions
Management structure after acquisitionFollowing the transaction, FTH's ownership interest will be 67.6% and AMTD will become a consolidated subsidiary. The disclosure states that AMTD products will be added to the Company's product lineup. Change of corporate name, change of representative, and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Acquisition of Shares in an Equity-Method Investee |
| Counterparty name | 杭州博日科技股分有限公司 |
| Name of the Subject Company | 安徽博芯微半导体科技有限公司 (AMTD) |
| Business Description of the Subject Company | Manufacture and sale of specialized equipment for semiconductor manufacturing equipment, metal surface treatment, heat-treatment processing and related businesses |
| Location of the Subject Company | 安徽省铜陵市义安区义安经济开发区南海路与博日路交叉口 (China) |
| Capital Stock of the Subject Company | CNY 300 million (approximately ¥7.1 billion) |
| Date of Establishment of the Subject Company | 24 June 2024 |
| Net Sales of the Subject Company | ¥478.872 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | Operating loss of ¥352.110 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | Net loss of ¥440.872 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥5,762.177 million (fiscal year ending March 2026) |
| Acquisition price | CNY 150 million (approximately ¥3.6 billion) |
| Type of Consideration | Cash |
| Number of shares acquired | 杭州博日's 46.7% interest (main text) / 47.3% (table of major shareholders and ownership interests). Number of shares and voting rights: Not disclosed |
| Voting rights ownership percentage | Before 20.3% → after 67.6% |
| Impact on Business Performance | The impact of this transaction on the Company's results for the current fiscal year is expected to be immaterial. The Company will promptly disclose any matters requiring disclosure. |
| Date of board resolution | 20 October 2026 |
| Execution Date / Effective Date | 30 November 2026 (scheduled share transfer) |
| Management structure after acquisition | Following the transaction, FTH's ownership interest will be 67.6% and AMTD will become a consolidated subsidiary. The disclosure states that AMTD products will be added to the Company's product lineup. Change of corporate name, change of representative, and treatment of employees: Not disclosed |
Items this document does not state (13)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract 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.As the semiconductor-related business is not a core business of 杭州博日, the parties agreed to transfer that business to FTH. The Company also expects revenue growth from equipment manufacturers by adding AMTD's aluminum showerheads and other products to its product lineup.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.