Kale Co., Ltd.: Plans to acquire no less than 51% equity of Wethys Optoelectronics

April 7th, Kailuo Co., Ltd. (301070.SZ) announced that the company recently signed a “Letter of Intent for Acquisition” with Fujian Weitai Si Optoelectronics Co., Ltd. and its controlling shareholder Chen Huamin. The company plans to acquire at least 51% of Weitai Si Optoelectronics’ equity through capital increase in the target company and cash purchase of some shareholder equity. After the transaction is completed, Weitai Si Optoelectronics will become a controlling subsidiary of the company. Weitai Si Optoelectronics mainly focuses on the research, development, and manufacturing of precision optical components, with a key focus on the optical communication field. The company intends to quickly enter the precision optical component manufacturing industry through this acquisition, achieving a corporate upgrade from traditional industrial manufacturing to high-end intelligent manufacturing, and improving the company’s business structure and layout.

The company reminds that this transaction is still in the planning stage, and whether the final deal can be reached remains uncertain.