Recently, Landscape Co., Ltd. released an official announcement detailing a significant asset acquisition. The announcement revealed that the company, along with its wholly-owned subsidiary, intends to purchase a 6.4969% equity stake in Hangzhou Hualan Microelectronics Co., Ltd. for a total investment of 112 million yuan. This strategic move marks Landscape Co., Ltd.'s foray into the high-potential storage and semiconductor chip sectors via financial investment, signaling a cross-border expansion.
Once this transaction is finalized, Landscape Co., Ltd. is set to emerge as the largest shareholder of Hualan Micro, albeit without establishing a controlling stake. Hualan Micro, which is primarily involved in the data storage chip business, has faced challenges in recent years, including persistent losses and a downturn in revenue.
Landscape Co., Ltd.'s cross-border acquisition has sparked skepticism in the market, leading the Shanghai Stock Exchange to issue an inquiry letter. The letter seeks clarification on the rationale behind the transaction, the fairness of the valuation, and the possibility of any insider information leaks.