Wuhan Yifi Laser Corporation Limited (SSE: 688646) has announced plans to acquire 100% equity in Shenzhen Xingqihang Automation Equipment Co., Ltd. ("Xingqihang") from four counterparties including Ren Xuedong, in an all-cash transaction valued at RMB 400 million.
Upon completion of the deal, Xingqihang will become a wholly-owned subsidiary of the company and will be consolidated into the company's financial statements.
Xingqihang has been deeply engaged in the optical module packaging and automated coupling equipment sector for over a decade. Its product portfolio covers the full range of coupling equipment for TO-CAN, COB, BOX (Lens), and FA fiber array applications, spanning all process pathways including laser welding, UV adhesive curing, and thermal curing. The company is also expanding into cutting-edge areas such as CPO co-packaged optics equipment and high-speed coupling equipment for speeds of 1.6T and above, providing professional solutions to leading optical module customers worldwide.
According to the announcement, this transaction represents an industry-synergistic acquisition built on the company's core capabilities in lasers and intelligent equipment. The company will deepen its business presence in the optical communications equipment sector, enrich its product portfolio, and further explore the application prospects of laser processing technology in AI computing power and optical communications. This move will support the company's strategic upgrade from a single niche strength toward a diversified intelligent equipment platform.
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