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Sugon Set to Merge with Hygon
1 week ago /
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Author：小编
Sugon and Hygon have announced plans to undertake a share-swap merger, where Hygon will issue shares to all Sugon's A-share holders and proceed with subsequent financing post-merger. Under this arrangement, Hygon will issue approximately 808 million new shares at a price of 143.46 yuan per share, valuing Sugon at 115.967 billion yuan. Following the merger, Sugon will be delisted, with its assets and operations fully integrated into Hygon. Notably, Hygon stands as one of the rare domestic enterprises possessing the core technology of x86 processors and holds a perpetual license for AMD's pioneering Zen architecture.
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