Stock Track | HUA HONG GRACE Soars 5.15% in Intraday Trading on Acquisition Approval and Goldman Sachs Upgrade

Stock Track07-10

HUA HONG GRACE's stock price soared 5.15% in intraday trading, driven by two significant positive developments that have boosted investor confidence in the semiconductor company.

The company received CSRC approval for its share issuance to acquire 97.4988% equity of Huali Micro at a transaction price of RMB 8.268 billion, with all six preconditions of the acquisition agreement now satisfied. Additionally, the company is authorized to raise supporting funds of up to RMB 7.556 billion for Huali Micro's technology upgrades, specialty process R&D, and working capital replenishment.

Goldman Sachs issued a research report sharply raising the company's target price from HKD 174 to HKD 333 while maintaining a Buy rating. The investment bank cited growing demand for AI chips and data center power management chips, and projected that operating margins would improve from 1% toward a normalized 14%-17% level over time.

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