Jingding Precision (3413) held a board meeting yesterday (23rd) and decided to acquire 51% of Fulan Technology's shares at a price of NT$138 per share, with a total transaction amount of NT$2.00583 billion. This acquisition grants Jingding a majority of the board seats, establishing substantial control over Fulan Technology, which is projected to achieve an annual revenue of approximately NT$1 billion in 2024. Jingding's spokesperson, Vice President Li Zhengyi, stated that this merger could be completed as early as the second to third quarter of this year, and revenue contributions are expected in the second half of the year.

Founded in 1994, Fulan has a paid-in capital of NT$285 million and focuses on technical services and repairs for semiconductor manufacturing equipment and aerospace equipment, mainly serving domestic and international wafer manufacturers. Jingding emphasized that Fulan specializes in electromechanical technology while Jingding has advantages in mechanical manufacturing, creating a complementary technical partnership that enhances the manufacturing integration capabilities of semiconductor manufacturing equipment and strengthens market competitiveness.

This acquisition will consolidate Jingding's leading position in the semiconductor equipment industry and expand into new aerospace fields, creating diversified opportunities for future operations. Amid poor market performance in Taiwan, Jingding's positive news propelled its stock price skyward, hitting the lock limit shortly after market opening and holding steady until the market closed. Jingding itself has a solid fundamental outlook, with projected revenue of NT$1.596 billion by March 2025, reflecting a year-on-year growth rate of 43.1%. Cumulatively, revenue from January to March this year reached NT$4.869 billion, marking a 46.57% year-on-year increase. The inclusion of Fulan is expected to strengthen Jingding's competitiveness further.