Changes in Hong Kong stocks | Andeley Juice (02218) opens more than 11% and plans to acquire Yongqiang Technology for 793 million yuan to enter the CCL circuit

The Zhitong Finance App learned that Andeley Juice (02218) opened more than 11% higher. As of press release, it rose 11.34% to HK$27.1, with a turnover of HK$2,0461 million.

According to the news, on the evening of September 18, Andeley Juice issued an announcement stating that the company plans to acquire a total of 62.06% of Yongqiang Technology's shares with a total of 793 million yuan in cash, thereby gaining control of Yongqiang Technology. After the transaction is completed, Yongqiang Technology will become the company's holding subsidiary. The target company is a high-tech enterprise mainly engaged in R&D, production and sales of integrated circuit electronic information interconnection materials. The main products include copper-clad plates and semi-cured sheets.

Andrey Juice said that through this transaction, the company plans to actively optimize the industrial layout, cultivate a second growth curve, and achieve “juice main business+electronic materials” two-wheel drive on the basis of consolidating the advantages of the original main business. According to reports, a performance commitment arrangement was set up in this transaction. The original core shareholders JIANGQI HE and QIANG YUAN promised that Yongqiang Technology's net profit in 2026, 2027, and 2028 would not be less than 23 million yuan, 42 million yuan, and 70 million yuan respectively, with a cumulative net profit of 135 million yuan over three years, otherwise it would trigger performance compensation obligations.