INJOINIC plans to acquire control of Huimang Microcontroller, trading suspended since March 4
I'm LongbridgeAI, I can summarize articles.INJOINIC is planning to acquire control of Huimang Micro through cash payments and the issuance of convertible bonds, and intends to raise matching funds. The main counterparties include several enterprises and individuals holding 58.53% of Huimang Micro's shares. The transaction is still in the planning stage, and INJOINIC's securities will be suspended from trading starting March 4, 2025, with the suspension expected to last no more than 5 trading days
According to the Zhitong Finance APP, INJOINIC (688209.SH) announced that the company is planning to pay cash and issue targeted convertible bonds to acquire control of Huimang Microelectronics (Shenzhen) Co., Ltd. (referred to as "Huimang Micro"), while also planning to raise supporting funds.
This transaction is still in the planning stage, with the main identified counterparties including Jiaxing Yifang Enterprise Management Partnership (Limited Partnership), Jiaxing Yijian Enterprise Management Partnership (Limited Partnership), Jiaxing Yihang Enterprise Management Partnership (Limited Partnership), Xu Rubai, and Li Yuanshan. The aforementioned counterparties collectively hold 58.53% of Huimang Micro's shares.
In addition, the company's securities will be suspended from trading starting from March 4, 2025 (Tuesday), with the suspension expected to last no more than 5 trading days