Heshun Petroleum (603353.SH) plans to acquire control of Kui Xin Technology across industries, focusing on creating high-speed interface IP and Chiplet solutions.

Intelligence Financial APP News, Heshun Petroleum (603353.SH) announced that the company plans to acquire not less than 34% of the shares of Shanghai KuiXin Integrated Circuit Design Co., Ltd. ("KuiXin Technology") through cash payment and capital increase. The company will also control a total of 51% of the voting rights of the target company through voting rights delegation, thereby obtaining control of the target company. The transaction price has not yet been determined, and the value of 100% of the shares of the target company is not higher than 1.588 billion yuan (post-increase valuation). The final transaction amount is expected to be no more than 540 million yuan.