Dongbai Group Abandons InGaAs Photodetector Chip Maker Kualing Optoelectronics Deal Within Three Days
如同儿戏！东百集团放弃收购快灵光电，股价剧烈波动
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Dongbai Group announced on October 12 that it planned to acquire a 52.6667% stake in Hangzhou Kualing Optoelectronics for RMB 316 million to enter the indium phosphide photodetector chip market. On October 15, it announced the termination of the transaction after the parties failed to agree on key terms. Dongbai Group's share price swung sharply over the three-day period.
C114, October 15 (Yun Qing) — On October 12, Dongbai Group announced that its wholly-owned subsidiary Fujian Dongbai Chuangzhi Investment Co., Ltd. plans to acquire a stake in Hangzhou Kuailing Optoelectronics Technology Co., Ltd. Dongbai Group intends to acquire 52.6667% of Kuailing Optoelectronics for RMB 316 million, entering the indium phosphide photodetector chip market. Upon completion of the deal, Kuailing Optoelectronics and its wholly-owned subsidiary Guangte Technology will be consolidated into the group's financial statements.
Just three days later, on October 15, Dongbai Group announced that since planning the equity acquisition, the company and relevant parties had actively advanced the work, but the parties failed to reach agreement on the key terms of the transaction. To safeguard the legitimate rights and interests of the company and all shareholders, the company decided after careful assessment to terminate the equity acquisition.
During those three days, Dongbai Group's share price fluctuated sharply, hitting the daily limit up on October 12 and October 13, and opening at the limit down on October 15.
Notably, Kuailing Optoelectronics founder Ye Jinlin, in an interview in October 2025 as chairman of Guangte Technology, claimed capacity figures such as "2024 revenue exceeding RMB 60 million and annual PIN-PD shipments of 10 million units," which show a clear gap from the financial data confirmed in the audit report.
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Source: C114 Communications Network · Optical Communications · c114.com.cn