Core Viewpoint - Huasheng Co., Ltd. (600156) is planning to acquire 100% equity of Shenzhen Yixin Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds through share issuance [1][3]. Group 1: Transaction Details - The transaction is classified as a major asset restructuring according to the regulations but does not constitute a restructuring listing [3]. - The transaction is still in the planning stage, with no formal agreements signed yet, and discussions are ongoing [3]. - Huasheng Co. will suspend trading starting June 10, 2025, due to this transaction [3]. Group 2: Company Profiles - Huasheng Co. is primarily engaged in the textile industry, focusing on hemp spinning, and has established a complete industrial chain covering spinning, weaving, dyeing, and garment manufacturing [3]. - In 2024, Huasheng Co. reported a revenue of 778 million yuan, a significant increase of 33.8% year-on-year, but faced a net loss of over 60 million yuan, which widened compared to the previous year [3]. - Yixin Technology, founded in August 2003, is a leading internet infrastructure service provider in China, offering data center operations and internet technology development, with a revenue of 166 million yuan and a net profit of 24.28 million yuan in 2017 [3]. Group 3: Shareholder Information - The transaction involves existing shareholders of Yixin Technology, including Bai Bentong (37.29%) and Zhang Limin (11.47%), among others [4]. - Huasheng Co. has signed a cooperation intention agreement with Bai Bentong and Zhang Limin [4]. - Post-transaction, Bai Bentong and Zhang Limin are expected to hold over 5% of Huasheng Co.'s shares, indicating that this will be an associated transaction [4]. Group 4: Market Performance - Huasheng Co. has seen a strong stock performance recently, with a 35.24% increase in the past month and nearly a 63% rise since the beginning of the year [4]. - The current market capitalization of Huasheng Co. is approximately 3.2 billion yuan [4].