OFILM Group advances acquisition, capital raising plans

OFILM Group Co., Ltd. announced its plan to acquire a 28.2461% stake in OFILM Microelectronics (Nanchang) Co., Ltd. through a share issuance and simultaneously raise supporting funds. The transaction, valued at CNY179,080.5266 million, is not expected to constitute a major asset reorganization or related-party transaction. The share issuance price for the asset acquisition is set at CNY10.63 per share, based on the 60-trading day average prior to the pricing reference date.

The supporting funds, not exceeding CNY80,000.00 million, will be primarily allocated to R&D and industrial upgrades for new ultrasonic fingerprint modules, in-vehicle optical sensing modules, and machine vision optical sensing modules. The company states that the transaction aligns with national industrial policies and aims to enhance its core competitiveness and profitability without diluting current per-share earnings. The company has clarified that the acquisition is necessary for its long-term strategic development and aims to strengthen control over its key businesses and improve profitability.