Hua Hong Semiconductor Updates on Share Acquisition and Share Issuance Transaction
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Hua Hong Semiconductor Ltd. has updated on its share acquisition involving the issuance of consideration shares. The company disclosed details about the beneficial owners of the vendors, including Huahong Group, primarily owned by Shanghai SASAC. The aggregate subscribed capital in the target company is approximately RMB 1.99 billion. Recent audited financials show a net profit after taxation of RMB 521.52 million for the year ended December 31, 2024. This information was published via the Issuer Information Service of the Hong Kong Stock Exchange.
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