HK Stock Market Move | ANDRE JUICE (02218) opens over 11% higher, plans to acquire Yongqiang Technology for RMB 793 million to enter the CCL sector.

ANDRE JUICE (02218) opened over 11% higher, up 11.34% as of press time at HK$27.1, with a turnover of HK$2.0461 million. On the news front, on the evening of September 18, ANDRE JUICE announced that the company plans to acquire a cumulative 62.06% equity interest in Yongqiang Technology for a total cash consideration of RMB 793 million, thereby obtaining control of Yongqiang Technology. Upon completion of the transaction, Yongqiang Technology will become a controlled subsidiary of the company. The target company is a high-tech enterprise primarily engaged in the research and development, production, and sales of integrated circuit electronic information interconnect materials. Its main products include copper clad laminates and prepregs. ANDRE JUICE stated that through this transaction, the company intends to proactively optimize its industrial layout and cultivate a second growth curve while consolidating its existing core business advantages, achieving a dual-drive model of "juice core business + electronic materials." It is understood that this transaction includes a performance commitment arrangement. The target's original core shareholders, JIANGQI HE and QIANG YUAN, have committed that Yongqiang Technology's net profit for 2026, 2027, and 2028 shall be no less than RMB 23 million, RMB 42 million, and RMB 70 million, respectively, with a cumulative committed net profit of RMB 135 million over the three years, otherwise triggering performance compensation obligations.