Crystal New Material Subsidiary Amends Acquisition Payment Date for Wuxi Wanlai Technology
Crystal New Material Holdings subsidiary Jiangyin Youzi Zhu Guangyun Mica Co., Ltd. amended its prior disclosure regarding the 100% acquisition of Wuxi Wanlai Technology.
The amendment extends the second payment date from June 30, 2026 to September 30, 2026, while the total acquisition amount of approximately KRW 21.4 billion and other terms remain unchanged.
Wuxi Wanlai Technology, founded in March 2023, specializes in graphene oxide raw materials and reported revenue of KRW 48.8 billion and net income of KRW 8.7 billion in 2025.
This amendment is an administrative schedule change with limited direct impact on shareholder value.
[AI Summary]The payment schedule extension by three months does not alter the total consideration or key terms, resulting in a neutral financial impact. The target's strong revenue growth and profitability support long-term synergy, but the acquisition size at 4.27% of market cap limits near-term stock price effect.
KOSDAQ Filing Information
[Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations (Voluntary Disclosure) (Key Management Matters of Subsidiary)
Company: China Crystal New Material Holdings (900250)
Submission: China Crystal New Material Holdings Co., Ltd.