A few days ago, the electronic materials company nata Optoelectronics announced that in order to further optimize the allocation of resources and improve the company's profitability, it plans to acquire 57.97% of Shandong Feiyuan Gas Co., Ltd. (hereinafter referred to as "Feiyuan Gas") through cash acquisition and capital increase.
The announcement shows that the transaction is divided into two parts, with a total amount of approximately 247 million yuan. among them. The first part is that nata Optoelectronics acquired the 17.07% equity of Feiyuan Gas held by Shandong Huantai Lutai Road Engineering Co., Ltd. at a price of 36.85 million yuan before the transaction (corresponding to the amount of registered capital of Feiyuan Gas before the transaction was 11 million yuan); The second part is that nata Optoelectronics subscribed for Feiyuan Gas at a price of 210 million yuan to increase the registered capital of 62.686 million yuan. Of this capital increase, 62,686,600 yuan is included in the registered capital of Feiyuan Gas, and the rest is included in the capital reserve of Feiyuan Gas.
After the completion of the transaction, the registered capital of Feiyuan Gas will be changed to 127 million yuan, and nata Optoelectronics will hold 57.97% of Feiyuan Gas (corresponding to Feiyuan Gas after the transaction, the registered capital amount is 73.686 million yuan). Feiyuan Gas Became a holding subsidiary of nata Optoelectronics.
According to the data, Feiyuan Gas was established in July 2019 by Shandong Feiyuan Technology Co., Ltd. (hereinafter referred to as "Feiyuan Technology") through a separate establishment. The pre-split Feiyuan Technology was established in April 2015. Its main products include nitrogen trifluoride, sulfur hexafluoride, tungsten hexafluoride, carbon tetrafluoride, iodine pentafluoride, hexafluorobutadiene, and octafluoro ring. Butane, etc., of which nitrogen trifluoride (NF3) and sulfur hexafluoride (SF6) are the main products.
According to reports, NF3 has excellent etching rate and selectivity, no pollution to the surface, is an excellent plasma etching gas in the electronics industry, mainly used in the integrated circuit industry and panel display industry; SF6 has good electrical insulation properties and excellent With excellent arc extinguishing performance, electronic grade high-purity SF6 is an ideal electronic etchant, which is widely used in dry etching (Etch) in the processing of display panels and semiconductors.
The announcement pointed out that Feiyuan Technology has total assets of 300 million yuan and fixed assets of 180 million yuan. The annual production of 1,000 tons of nitrogen trifluoride projects and the annual production of 2,000 tons of sulfur hexafluoride projects have been completed in March and May 2016. Produce. In the electronics industry, the company has become a core NF3 supplier for large semiconductor and display panel manufacturers such as TSMC, BOE, Huaxing Optoelectronics, Longteng Optoelectronics, and Chongqing Huike.
In July 2019, in order to clarify the direction of the main business, Feiyuan Technology separated the fluorine-containing electronic special gas segment including NF3 and SF6 into Feiyuan Gas (the target company of this acquisition). Feiyuan Gas focuses on high-purity NF3, SF6 and other fluorine-containing special electronic gases as its main business. In the future, it will devote itself to the research and development, production, sales and service of more fluorine-containing electronic special gases.
nata Optoelectronics stated that as the only private enterprise among the important domestic NF3 suppliers, Feiyuan Gas has made comprehensive breakthroughs in the preparation, filling, safe production, quality control, and safe transportation of NF3 products. Leading companies in the industry supply batches and have accumulated rich experience in market and customer service.
The feasibility study report released by nata Optoelectronics shows that TSMC completed the certification in 2017 and began to purchase NF3 products of Feiyuan Gas in bulk. SMIC has completed Feiyuan Gas sample testing in 2018 and started to supply it.
Founded in 2000, nata Optoelectronics is an enterprise specializing in the research and development, production and sales of high-purity electronic materials. It mainly has four business segments: MO source, electronic special gas, ALD/CVD precursor materials and photoresist.
nata Optoelectronics believes that it and Feiyuan Gas have strong synergy in the fields of customers, technology, management, and capital. This transaction, on the one hand, will greatly enhance the core competitiveness of Feiyuan Gas, and it will also have important strategic value for the layout and development of nata Optoelectronics' special gas business.