海联讯：换股吸收合并杭汽轮，杭汽轮申请终止上市

Group 1 - The core point of the article is that Hailianxun's share-swap merger with Hangqilun has received approval from the CSRC as of September 2025, allowing for the acquisition to proceed [1] - During the period for exercising the purchase request and cash option, there were no objections from shareholders [1] - Hangqilun submitted a voluntary application to terminate its listing on November 26, which was accepted on December 2 [1] Group 2 - Following the completion of the share-swap merger, Hangqilun will terminate its listing and cancel its legal entity status, with Hailianxun inheriting all of its assets [1] - The specific date for Hangqilun's termination of listing has not yet been determined [1] - After the termination of the listing, the process for converting B shares into Hailianxun A shares will commence [1]