Minxin Co., Ltd. (688286.SH) plans to acquire 54% of the shares in the optoelectronic device company Pudan Optoelectronics through acquisition and capital increase

Zhitong Finance App News, Minxin Co., Ltd. (688286.SH) announced that the company plans to obtain a total of 54.00% of the shares of Beijing Pudan Optoelectronics Co., Ltd. (hereinafter referred to as “Pudan Optoelectronics” or the “target company”) through a combination of equity transfers and capital increases, of which it plans to transfer a total of 248.649.69 million shares held by the original shareholders of Pudan Optoelectronics with 82,884.67 million yuan, accounting for 24.2963% of Pudan Optoelectronics shares (accounting for 34.5627% of Pudan Optoelectronics shares before the capital increase); 9423.69 10,000 yuan increased capital from Pudan Optoelectronics to acquire 30.399 million shares, accounting for 29.7037% of Pudan Optoelectronics shares after the transaction was completed. After the acquisition is completed, Pudan Optoelectronics will become the company's holding subsidiary.

The target company has long focused on the R&D, production and sales of core optoelectronic components for fiber gyroscopes. Currently, the core products include integrated optical multi-function optical waveguide modulator (MIOC), super radiation light emitting tube (SLD), light receiving component (PIN-FET), and polarized fiber splitter (PMFS), etc., covering the main core components of optical fiber gyroscopes. Related products have been widely used in aerospace, intelligent equipment, ocean exploration, rail transit and industrial measurement and control. The target company uses lithium niobate integrated optical devices as the technical foundation. It has achieved independent research and development of the entire process of optoelectronic device chip design, wafer processing technology, optoelectronic chip manufacturing, electro-optical modulation, and device packaging testing, has mastered all aspects of the core intellectual property rights, and completed the localization and implementation of the entire industry chain of a series of products.