Core Viewpoint - The company, Purun Co., Ltd. (688766), is planning to acquire a controlling stake in its associate company, Zhuhai Noah Changtian Storage Technology Co., Ltd., through a cash transaction, which will lead to indirect control over SkyHigh Memory Limited, a semiconductor firm registered in Hong Kong [1]. Group 1 - The acquisition aims to achieve control over the target company, enhancing the company's position in the semiconductor industry [1]. - SkyHigh Memory Limited specializes in SLC NAND, eMMC, and MCP products, complementing Purun's existing offerings of NOR Flash, EEPROM, and MCU, thereby creating a comprehensive non-volatile storage product portfolio [1].