HSPC(SH:603353) Shang Hai Zheng Quan Bao·2025-11-18 18:35Core Viewpoint - Hunan Heshun Petroleum Co., Ltd. has experienced significant stock price fluctuations, prompting a risk warning to investors regarding potential market volatility and the company's acquisition of a controlling stake in Shanghai Kuixin Integrated Circuit Design Co., Ltd. [1][2][3] Group 1: Stock Price Fluctuations - The company's stock price increased by over 20% cumulatively over two consecutive trading days on November 14 and 17, 2025, indicating abnormal trading activity [1] - On November 18, 2025, the stock continued to hit the daily limit, leading the company to issue a risk warning to investors [1][2] Group 2: Acquisition Details - The company signed an agreement to acquire at least 34% of the equity in Shanghai Kuixin Technology, aiming to control 51% of the voting rights, with a total valuation of the target company not exceeding 1.588 billion yuan (approximately 15.88 billion) [2][3] - The expected final transaction amount for the acquisition is not more than 540 million yuan (approximately 5.4 billion) [2] Group 3: Share Transfer Agreement - A share transfer agreement was signed on November 14, 2025, where a total of 10,314,360 shares (6% of the total share capital) were transferred to Chen Wanyi at a price of 22.932 yuan per share, totaling approximately 236.53 million yuan (approximately 236.53 million) [11][37] - The share transfer will occur in three installments, with the first payment of approximately 106.44 million yuan (approximately 106.44 million) due within 15 days after certain conditions are met [37][38] Group 4: Future Plans and Conditions - The share transfer is subject to compliance with regulatory requirements and will not change the company's controlling shareholder or actual controller [34][46] - The acquired shares will be locked for a period, with specific unlocking conditions tied to the performance of Kuixin Technology over the next few years [43][44]