ASMPT (HKEX:0522) has concluded the sale of its 49% equity interest in Advanced Assembly Materials International Limited (AAMI) to Shenzhen Original Advanced Compounds Co., Ltd. (603991.SH). The deal, valued at RMB1,717 million, entails both a share subscription and a cash payment, enabling ASMPT to maintain a stake in the acquiring party while receiving immediate liquidity.
Under the transaction terms, ASMPT’s subsidiary will subscribe for 29 million new shares of Shenzhen Original Advanced Compounds at RMB32 per share, corresponding to a transaction value of RMB928 million. The remaining equity in AAMI has been sold for a cash consideration of approximately RMB789 million. Following completion, ASMPT’s subsidiary will hold approximately 21.06% of the buyer’s issued shares, a percentage that may adjust to no less than 18.12% after an upcoming fund-raising exercise.
According to the announcement, the transaction aligns with ASMPT’s strategic concentration on its core hardware and software solutions in semiconductor and electronics manufacturing. The company projects a gain from this disposal, subject to final audit and dependent on factors including AAMI’s carrying value on completion. Morgan Stanley served as exclusive financial advisor to ASMPT in this transaction.
Information provided indicates that Shenzhen Original Advanced Compounds operates polymer materials for cables and specialized semiconductor equipment. Its controlling shareholder is Zhengxin Tongchuang, ultimately owned by Mr. Wang Qiang. Both the buyer and its controlling shareholder are independent third parties to ASMPT and its connected persons.
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