Hua Hong Semiconductor (01347.HK) intends to acquire 97.4988% equity interest in Shanghai Huali Microelectronics through issuing shares and cash consideration, and also raise funds for the acquisition. A shares will resume trading on September 1st.

Zhitong Finance and Economics APP News, Huahong Semiconductor (01347.HK) announced that on August 29, 2025, the company plans to acquire 97.4988% equity of Shanghai Huali Microelectronics Co., Ltd. from Huahong Group, Shanghai Integrated Circuit Fund, National Integrated Circuit Industry Fund II, and Guotou Xianzhao Fund, at a price of (i) partly by issuing and issuing share at a price of RMB 43.34 per share and (ii) partly by the company paying cash to the sellers. The issue price of the share is discounted by approximately 44.79% from the closing price of RMB 78.50 per share reported by the Shanghai Stock Exchange on the last trading day before the pricing reference date. The company has applied to the Shanghai Stock Exchange for the RMB shares to resume trading on the Shanghai Stock Exchange from September 1, 2025.