MDK plans to acquire Haishuo Li and INNOWAVE VIETNAM to enter the ultra-thin optical soft film filter business

According to the announcement from MDK (688079.SH), the company plans to acquire 100% equity of Haishuo Li Optoelectronic Technology (Suzhou) Co., Ltd. (referred to as "Haishuo Li") held by KEM TECH CORP. for 2 billion KRW. At the same time, MDK intends to acquire 100% equity of INNOWAVE VIETNAM CO., LTD. (referred to as "INNOWAVE VIETNAM") held by INNOWAVE for 1 billion KRW through its wholly-owned subsidiary MDK KOREA CO., LTD. (referred to as "MDK KOREA"). The total amount for the two transactions is USD 2.1947 million.

According to the announcement, Haishuo Li and INNOWAVE VIETNAM are related companies in the ultra-thin optical soft film filter business, with Haishuo Li focusing on the front-end optical film formation business, while INNOWAVE VIETNAM is engaged in back-end printing and precision cutting. INNOWAVE VIETNAM has entered Samsung's supply chain, and through the acquisition of these two target companies, the company can directly enter Samsung's supply chain. Additionally, the products and technologies of the target companies effectively fill the gap in the company's ultra-thin optical soft film filter business