August 1, 2025
Inari proposed joint acquisition of 100% equity interest in Lumileds Holding B.V. and certain of its subsidiaries
The Board of Directors of Inari wishes to announce that the Company and Sanan Optoelectronics Co., Ltd (“Sanan”) had on 1 August 2025 entered into a Share Purchase Agreement (“SPA”) with Lumileds Subholding B.V. (“Seller”) wherein the Company and Sanan have agreed to jointly acquire 100% equity interest in Lumileds Holding B.V. and its 11 Asian and European subsidiary companies (collectively referred to as “Lumileds International”) from the Seller for a total enterprise value of USD239.0 million (RM1,027.7 million, based on indicative USD-RM exchange rate of 4.30) (“Proposed Joint Acquisition”).