Haitian Water to Acquire Heraeus' Shanghai, Singapore Silver Paste Operations

MT Newswires Live2025-01-03

Haitian Water (SHA:603759) will purchase German tech firm Heraeus's solar silver paste operations in Shanghai and Singapore for 502 million yuan, according to a Wednesday filing with the Shanghai Stock Exchange.

The solar silver plate factories produce an important raw material for metal electrodes in solar cells.

Haitian Water will also buy the entire stakes in Heraeus' Shanghai and Singapore operations, including debts incurred by the Shanghai unit to Heraeus' parent in Germany, the filing said.

Upon closing, Haitian will acquire Heraeus' management teams, patent technologies, R&D platforms, customer resources, production lines, and supply chain systems, according to the filing.

The transaction is seen to take place in the first half of 2025.

Shares plunged 10% during the close of trading on Friday.

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