In 2019, Robotech Chairman Dai Jun joined forces with several investment institutions to establish Feikongtech for acquisition purposes. In May 2020, FiconTEC reached an agreement with the seller ELAS to acquire FiconTEC's equity in two steps: the first step is to acquire 80% of the equity, and the second step is to acquire the remaining 20% of the equity.
Although it passed the review of foreign government agencies, the plan was shelved due to the epidemic. In April 2023, Robotech again proposed to initiate a restructuring transaction, and reached an agreement with the counterparty in August of the same year. Finally, in August 2023, it completed the acquisition of 93.03% of FiconTEC's equity.
After two capital increases, Robotech held 18.82% of the shares hong kong telegram data of Feikongtech, becoming the second largest shareholder. On December 25 last year, it announced that it would further achieve 100% controlling stake.
The company stated that the Shenzhen Stock Exchange's Mergers and Acquisitions Review Committee required that the company further verify the transaction's relevance and pricing fairness.
First of all, the disputes arising from the restructuring are largely due to transaction pricing.
Robotech will spend about 1 billion yuan to acquire 100% of the shares. The equity of Feikongtech 81.18% is valued at 927 million yuan, and the equity of FSG and FAG 6.97% is valued at 85.1037 million yuan.