Zhong Guo Jing Ji Wang·2025-09-02 02:53Core Viewpoint - Huahai Chengke (688535.SH) announced plans to acquire 70% of Hengsuo Huawai Electronics Co., Ltd. through a combination of issuing shares, convertible bonds, and cash payments, along with raising matching funds [1][2] Group 1: Transaction Details - The transaction involves issuing shares, convertible bonds, and cash to purchase 70% equity from 13 shareholders of Hengsuo Huawai [2] - The transaction price for the 70% equity is set at 112 million yuan, based on an evaluation report that values the company at 165.8 million yuan, resulting in an increase of 126.5 million yuan in equity value [3][4] - The issuance price for shares is determined to be no less than 80% of the average stock price over the previous 60 trading days, set at 56.35 yuan per share [5] Group 2: Fundraising and Use of Proceeds - The company plans to raise up to 80 million yuan through the issuance of shares to no more than 35 specific investors, with the funds allocated for transaction cash payments, intermediary fees, and project construction [6][7] - The allocation of the raised funds includes 32 million yuan for cash payments, 8.81 million yuan for chip-level packaging material production line, and 5.29 million yuan for upgrading the R&D center, among others [7] Group 3: Regulatory and Financial Implications - The transaction is classified as a major asset restructuring and does not constitute a related party transaction or a restructuring listing [8] - Post-transaction, the company will hold 100% of Hengsuo Huawai, which is expected to enhance its profitability and risk resistance capabilities [8]