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Huahong to Acquire Controlling Stake in Huali Micro; Shares Temporarily Suspended
2 week ago /
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Author：小编
Huahong has announced its intention to acquire a controlling stake in Shanghai Huali Microelectronics Co., Ltd. This move aims to fulfill its commitment to address horizontal competition concerns arising from its initial public offering (IPO). The acquisition will be facilitated through a combination of share issuance and cash payments, with additional fundraising efforts to support the transaction. As a result, the company's shares will be suspended from trading, effective August 18, 2025, for a period not exceeding 10 trading days.
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