Galaxy Microelectronics (688689.SH) plans to purchase 100% equity of Hangtaike Semiconductor (Shanghai) Co., Ltd. Resumption of trading will begin tomorrow.

Zhixin Finance APP News, Galaxy Microelectronics (688689.SH) announced that the company plans to acquire 100% equity of Hengtaike Semiconductor (Shanghai) Co., Ltd. ("Hengtaike") by issuing shares and raise matching funds at the same time. Upon completion of this transaction, Hengtaike will become a wholly-owned subsidiary of the company. The audit and evaluation work of this transaction has not been completed, and the valuation and pricing of the target company have not been determined. It is expected that this transaction will not constitute a major asset restructuring or restructuring for listing. The company's stock will resume trading on June 29, 2026, and convertible bonds of the company will also resume trading and conversion on June 29, 2026.