HHCK(SH:688535) Shang Hai Zheng Quan Bao·2025-10-31 07:35Core Viewpoint - Jiangsu Huahai Chengke New Materials Co., Ltd. has successfully completed the transfer of 70% equity in Hengsuo Huawei Electronics Co., Ltd. as part of its acquisition strategy, following the approval from the China Securities Regulatory Commission [1][2][8]. Group 1: Transaction Overview - The company plans to acquire 70% equity in Hengsuo Huawei through a combination of issuing shares, convertible bonds, and cash payments [1]. - The approval from the China Securities Regulatory Commission was received on September 19, 2025, allowing the company to proceed with the transaction [1]. - As of October 29, 2025, the transfer of the 70% equity has been officially registered under the company’s name [2][3]. Group 2: Post-Transaction Actions - The company still needs to issue shares and convertible bonds to the counterparty and apply for the registration of the new shares with the China Securities Depository and Clearing Corporation [4]. - Additional steps include applying for the listing of the new shares and convertible bonds on the Shanghai Stock Exchange and completing the cash payment for the transaction [4]. - The company is also required to handle changes in registered capital and company bylaws with the relevant regulatory authorities [4]. Group 3: Legal and Compliance - The independent financial advisor confirmed that the transaction complies with relevant laws and regulations, and the transfer procedures are legally valid [8]. - The legal advisor stated that all necessary approvals and conditions for the asset purchase agreement have been met, ensuring the transaction's legal feasibility [8].