On May 30, Huada Jiutian released an announcement detailing the latest developments in its significant asset restructuring. The company aims to acquire 100% of the shares in Core and Semiconductor Technology (Shanghai) Co., Ltd. through a combination of share issuance and cash payments, while also raising supplementary funds. This transaction is anticipated to qualify as a major asset restructuring, excluding a restructuring listing. Currently, the process is progressing steadily, with related audit, evaluation, and due diligence activities still underway.
