HUA HONG SEMI(SH:688347) Di Yi Cai Jing Zi Xun·2025-08-17 15:35Core Viewpoint - Huahong Semiconductor Co., Ltd. is planning to acquire the controlling stake of Shanghai Huali Microelectronics Co., Ltd. to resolve the competition issues arising from its IPO commitments, through a combination of issuing shares and cash payment [2][6]. Group 1: Transaction Details - The target assets for this acquisition are the equity corresponding to the competitive assets in 65/55nm and 40nm processes operated by Shanghai Huali Microelectronics, specifically related to Huahong's fifth factory [2][7]. - The acquisition is currently in the planning stage, and the company is in discussions with potential transaction parties, including Shanghai Huahong (Group) Co., Ltd., Shanghai Integrated Circuit Industry Investment Fund Co., Ltd., and others [2][8]. - The transaction will not constitute a major asset restructuring and is classified as a related party transaction, which will not lead to a change in the actual controller of the company [6][7]. Group 2: Stock Suspension - The company's stock will be suspended from trading starting August 18, 2025, for a period not exceeding 10 trading days to ensure fair information disclosure and protect investor interests [6][9]. - During the suspension, the company will fulfill its information disclosure obligations according to relevant laws and regulations, and will announce the resumption of trading once the matters are confirmed [6][9]. Group 3: Financial Performance - As of August 15, the company's stock closed at 78.50 yuan per share, with a total market capitalization of 937 billion yuan, reflecting a year-to-date increase of 68.93% [13].