Pan Asian Micro Vent Tech announced that it plans to acquire a 54.089% stake in Tianyuan Electrical through a cash payment, gaining control of the company. The transaction does not constitute a related-party transaction or a major asset restructuring. The transaction price has not yet been determined, with the value of 100% of the target company's shares tentatively set at 200 million to 300 million yuan. The acquisition aims to fill upstream production capacity and technology gaps in polyimide film, connect the entire industry chain from polyimide substrates to downstream flexible copper clad laminates and aerospace-grade composite films, achieve synergies in product sales, channels, and technology, and expand the high-end materials portfolio.
Pan Asian Microvent Tech (Jiangsu) Corp. APan Asian Micro Vent Tech is acquiring a controlling stake in Tianyuan Electrical to fill upstream gaps and expand high-end materials portfolio.
Tianyuan Electrical is being acquired at a valuation of 200-300 million yuan, implying a premium for control.