Hygon and Sugon have jointly announced a strategic move where Hygon will acquire Sugon through a share swap, involving the issuance of A-shares to Sugon's A-share swap shareholders and the raising of supporting funds. This reorganization initiative is designed to streamline the industrial chain and establish a comprehensive "chip-system-service" ecosystem. Both companies will cease trading the day following the announcement, with an anticipated suspension period not exceeding 10 trading days.
