Zhichao 280 million Taiwan dollars to acquire half of Yuhuan shares

Taiwan's photovoltaic panel leader Zhichao Technology (8213) recently reached an agreement with Yuhuan Chairman Yang Chongcheng to acquire 51% stake in Yuhuan from 12 noon to September 6 at a total amount of approximately NT$280 million. The purchase price is NT$9.5.

Zhichao said that Yuhuan has soft board and internal and external lamination manufacturing technology, while the company needs soft board products in photovoltaic panels and LED Light Bar. The hard board part also needs internal and external lamination process. It is expected that both parties will be able to To achieve complementary synergies, after the completion of the acquisition, we will continue to strengthen the integration of various operational aspects such as technology, customer resources and raw materials procurement to achieve overall efficiency.

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