Huahong Company: Approval from the Shanghai State-owned Assets Supervision and Administration Commission for the issuance of shares to acquire assets, raise supporting funds, and related-party transactions

2026-02-20 09:01:20

Huahong Company Announcement: The company plans to acquire a 97.4988% stake in Shanghai Huali Microelectronics Co., Ltd. held by Shanghai Huali (Group) Co., Ltd., Shanghai Integrated Circuit Industry Investment Fund Co., Ltd., National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., and Shanghai Guotou Xian Dao Integrated Circuit Private Equity Investment Fund Partnership (Limited Partnership) through issuing shares, and to raise supporting funds. Recently, the company received the “Reply from the Shanghai State-owned Assets Supervision and Administration Commission on Matters Related to the Asset Restructuring of Huahong Semiconductor Co., Ltd.” forwarded by Shanghai Huali (Group) Co., Ltd., its indirect controlling shareholder. The Shanghai State-owned Assets Supervision and Administration Commission has generally approved the company’s proposed transaction plan.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes