Han's laser plans to hold 170 million yuan to support Canadian industrial fiber companies or layout medical industry

Dazu Laser announced on the 3rd in the afternoon that in order to further strengthen the company's technical capabilities in the field of special fiber and fiber lasers, the company acquired Canada's Coractive High-Tech Inc through the capital increase of Hong Kong's wholly-owned subsidiary, Han's Laser Technology Co., Ltd. ("Hong Kong Dazu"). ("Coractive") 80% equity. The acquisition, the company invested about 32.8 million Canadian dollars (about 170 million yuan).

According to the disclosure, the target company is headquartered in Quebec City, Quebec, and its core R&D and production base is located in Quebec City. The products are mainly sold to China, Japan, Korea, India, Britain, Israel and Switzerland. Coractive develops and manufactures advanced specialty fiber products for customers worldwide in the industrial laser, communications, sensor, medical and other industries. Highly specialized fiber optics for industrial applications is its main product. Its revenue from December 2014 to November 2015 was C$13.6 million, and its revenue from December 2015 to September 2016 was C$11.8 million.

Han's laser plans to hold 170 million yuan to support Canadian industrial fiber company or layout medical industry

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