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On September 11, VeriSilicon Holdings released an official announcement revealing its plan to acquire a 97.007% stake in Xinlai Zhirong Semiconductor Technology (Shanghai) Co., Ltd. This stake is currently jointly held by Xinlai Gongchuang (Shanghai) Management Consulting Center (Limited Partnership), Xinlai Hechuang (Shanghai) Management Consulting Center (Limited Partnership), along with 31 other entities, including Hu Zhenbo. The acquisition will be executed through a combination of share issuance and cash payment. In tandem with this move, the company also intends to issue shares to up to 35 specific investors as a means of raising supplementary funds. In accordance with the regulations set forth by the Shanghai Stock Exchange, the company's stock will recommence trading at the market opening on September 12, 2025.
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