HUA HONG SEMI (01347) surged more than 8%, and as of the time of writing, the stock was up 7.54% to HK$79.9, with a turnover of HK$389 million. The company announced in several filings its intention to acquire a combined 97.4988% equity stake in Hua Li Microelectronics from four transaction counterparties, including the Hua Hong Group, by issuing shares. The total transaction value is 8.268 billion yuan, and the company plans to raise approximately 7.556 billion yuan in配套资金 from a private placement of shares to no more than 35 qualified specific investors. This transaction focuses on the business and assets related to the overlapping 65/55nm and 40nm process nodes, aiming to resolve historically formed同业竞争 issues post-transaction. The deal is expected to optimize the company's governance structure and business independence, aligning with regulatory requirements and capital market expectations. As the most comprehensive specialty process platform wafer foundry, Hua Hong Semiconductor Limited will directly integrate Hua Li Microelectronics' 12-inch wafer foundry production lines and mature process platforms through this consolidation. This integration is set to drive the company's持续 growth in production capacity scale.
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