What Happened?
On July 24, 2025, Ribbon Material Holdings acquired 6,525,553 shares (12.84%) of Bitween, becoming the largest shareholder. This acquisition, aimed at participating in management, foreshadows significant changes for Bitween’s future.
Why is it Important?
Bitween is struggling with a sharp decline in sales and continued losses in the first quarter of 2025. Factors such as sluggish big data platform business, intensified competition, and reduced government R&D budget are cited as causes. The high debt ratio also raises concerns about financial soundness. In this situation, the emergence of new management is a crucial variable that will determine the fate of the company.
So What Happens Next?
- Positive Scenario: Bitween’s corporate value may increase through Ribbon Material Holdings’ management improvement, financial structure improvement, and new business investments.
- Negative Scenario: Corporate value may decline due to management disputes, difficulties in the post-acquisition integration process, and conflicts among shareholders.
What Should Investors Do?
Increased short-term stock price volatility is expected, requiring careful investment decisions. It is advisable to closely monitor Ribbon Material Holdings’ future management plans, financial structure improvement measures, changes in shareholder relations, and make investment decisions after obtaining additional information.