BOE advances acquisition of Xianyang Rainbow Optoelectronics stake

BOE Technology Group (SZSE:000725) has announced progress in its proposed acquisition of a 30% equity stake in Xianyang Rainbow Optoelectronics Technology Co., Ltd. from Rainbow Display Devices Co., Ltd. The acquisition was initially approved at BOE's board meeting on June 16, 2025. BOE has now signed an equity transfer agreement with Rainbow Display Devices, with the transfer price set at CNY 484,863,690. The agreement stipulates a phased payment schedule, beginning with CNY 145,459,107 due within five working days of the agreement's effective date. BOE will pay interest on the deferred second and third installments at a rate based on the one-year Loan Prime Rate (LPR). The transaction is expected to close following customary regulatory approvals, with BOE set to assume the earnings or losses of Xianyang Rainbow Optoelectronics from the valuation reference date.