Xiamen Hualong Investment Management Co., Ltd. agreed to acquire GEOMATEC Co., Ed. Ltd from GEOMATEC Co., Ltd..
August 03, 2022
Share
Xiamen Hualong Investment Management Co., Ltd. agreed to acquire GEOMATEC (Wuxi) Co., Ed. Ltd from GEOMATEC Co., Ltd. (TSE:6907) on August 4, 2022. For the period ended December 2021, GEOMATEC (Wuxi) Co., reported CNY 14.88 million of total common equity, total assets of CNY 61.97 million, Sales of CNY 26.69 million, EBIT of -CNY 18.09 million, and net loss of CNY 23.54 million. The acquisition is expected to be closed on 8h of august.
GEOMATEC CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of vacuum film related products. The Company is engaged in the manufacture and sale of substrates for flat panel displays (FPDs), as well as vacuum film substrates of indium tin oxide (ITO) and metal, mainly for liquid crystal displays (LCDs) of smart phones, tablet terminals, mobile phones, touch panels, car navigation systems, digital cameras and others. The Company is also engaged in the provision of various products for measuring equipment, medical equipment, lighting equipment and other optical equipment parts, solar cell parts, transparent heaters, beam expander lenses, thermocouples and others. The main products include optical thin films, transparent conductive films, ITO films, thin metal film heaters, thin film flow sensors, drip-proof and anti-fouling films, shielding and transmission prevention films, decorative films, decorative coatings and others.
GEOMATEC CO., LTD. 
