HBC Cloud & Connectivity has unveiled a restructuring plan to acquire a 67.91% stake in PowerLeader Computer System Co., Ltd. from 59 shareholders, including Leshan High-tech Investment, through a combination of share issuance and cash payments. Additionally, the company intends to issue shares to Yu Hao, the actual controller, and Shenhui Holdings under his purview, as well as to strategic investor Yangtze River Industry Group, in order to raise the necessary funds. The exact transaction price has yet to be determined. PowerLeader Computing stands as a prominent domestic provider of information technology infrastructure, specializing in advanced computing infrastructure products and integrated solutions. Trading in HBC Cloud & Connectivity's stock will resume on May 20.
