Yuanlin Co., Ltd. has disclosed its intention to purchase a 93.5031% equity interest in Hualan Micro from 98 shareholders, a list that encompasses Hangzhou Hualanchuang Enterprise Management Consulting Partnership (Limited Partnership). This acquisition will be executed through a combination of share issuance and cash consideration, alongside the raising of supplementary funds (often referred to as matching funds in financial contexts). Hualan Micro specializes in the research, development, design, and marketing of indigenous storage controller chips and modules, as well as array controller chips and modules.
This transaction signifies a significant restructuring of assets for Yuanlin Co., Ltd., yet it does not entail any related-party transactions or result in a listing predicated on restructuring efforts. The share issuance price has been established at RMB 19.20 per share. However, the definitive transaction price remains pending and will be unveiled in the restructuring report subsequent to the culmination of the audit and appraisal procedures. Notably, the trading of Yuanlin Co., Ltd.'s shares is scheduled to recommence on September 29, 2026.
