Zhejiang Crystal-Optech Co., Ltd. agreed to acquire 20.38% stake in Optorun Co., Ltd. from Ohara Inc., OMRON Corporation, Powerlink Electronic International Ltd., Riken Electric Wire Company Limited and 36 other investors for CNY 120 million.
November 16, 2014 at 11:00 pm EST
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Zhejiang Crystal-Optech Co., Ltd. (SZSE:002273) agreed to acquire 20.38% stake in Optorun Co., Ltd. from Ohara Inc. (TSE:5218), OMRON Corporation (TSE:6645), Powerlink Electronic International Ltd., Riken Electric Wire Company Limited and 36 other investors for CNY 120 million in cash on November 13, 2014. Under the terms of the deal, 2420 shares in Optorun Co. will be acquired. Ohara Inc., OMRON Corporation, Powerlink Electronic International Ltd., Riken Electric Wire Company Limited will sell 1395 shares and 36 other investors will sell 1025 shares. For the period ended December 31, 2013, Optorun had total assets of CNY 861.74 million, revenues of CNY 767.5 million, net profit of CNY 122 million and net assets of CNY 521.3 million.
The equity investment still needs approval from Chinese and Japanese government regulators. The transaction was approved by Board of Directors of Zhejiang Crystal-Optech on November 13, 2014.
OPTORUN Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of optical thin film equipment. Optical thin film refers to the coating of various optical components such as smart phones and lenses, and has different functions depending on the material of the coating. The company sells equipment, responds to various customer needs, provides advice on film formation processes, and provides film deposition solutions that utilize optical thin film deposition technology know-how. Its main products include optical thin film forming equipment, general purpose optical thin film forming equipment, antifouling film forming equipment, reactive plasma film forming equipment, sputtering film forming equipment for optical film, as well as Wafer level optical sputter deposition system.
Zhejiang Crystal-Optech Co., Ltd. agreed to acquire 20.38% stake in Optorun Co., Ltd. from Ohara Inc., OMRON Corporation, Powerlink Electronic International Ltd., Riken Electric Wire Company Limited and 36 other investors for CNY 120 million.
OPTORUN CO.,LTD. 
