Huada Technology's additional issuance for acquisition has been approved for registration by the China Securities Regulatory Commission
I'm LongbridgeAI, I can summarize articles.Huada announced that the company intends to acquire 44% of the equity of Jiangsu Hengyi Industrial Technology Co., Ltd. through the issuance of shares and cash payment, and to raise matching funds. Recently, the company has obtained the registration approval from the China Securities Regulatory Commission, allowing it to issue shares to multiple shareholders and raise no more than 297 million yuan. This approval is valid for 12 months from the date of issuance, and Huada must comply with relevant information disclosure and procedural regulations
According to the Zhitong Finance APP, Huada Technology (603358.SH) announced that the company plans to acquire 44.00% of Jiangsu Hengyi Industrial Technology Co., Ltd. (referred to as "Jiangsu Hengyi") through the issuance of shares and cash payment, and to raise supporting funds (referred to as "this transaction"). The company recently received the "Approval on Huada Automotive Technology Co., Ltd. Issuing Shares to Purchase Assets and Raising Supporting Funds Registration" issued by the China Securities Regulatory Commission (CSRC) (Zheng Jian Xu Ke [2025] No. 413). The main contents of the approval document are as follows:
"1. Agree to your company's application for the registration of issuing 9,253,845 shares to Ju Xiaoping, 7,143,669 shares to He Liping, 3,074,534 shares to Wan Xiaomin, 614,906 shares to Zheng Xinrong, and 409,937 shares to Zou Zhanwei to purchase related assets. 2. Agree to your company's application for the registration of issuing shares to raise supporting funds not exceeding 297 million yuan. 3. Your company's issuance of shares to purchase assets and raise supporting funds must strictly follow the relevant application documents submitted to the Shanghai Stock Exchange. 4. Your company must timely fulfill its information disclosure obligations in accordance with relevant regulations. 5. Your company must handle the relevant procedures for this share issuance in accordance with relevant regulations. 6. This approval is valid for 12 months from the date of issuance. 7. If your company encounters significant matters that require disclosure according to laws and regulations or faces major issues during implementation, it must promptly report to the Shanghai Stock Exchange and handle it according to relevant regulations."