Tianshui Huatian Technology Advances Acquisition of Huayi Microelectronics' 100% Shares and Fundraising Plan

Deep News11-16

On the evening of November 16, Tianshui Huatian Technology Co., Ltd. announced plans to acquire 100% of Huayi Microelectronics Co., Ltd. shares through a combination of stock issuance and cash payment, along with fundraising efforts. The transaction constitutes a connected-party deal.

The auditing and valuation processes related to the deal remain incomplete, and specific transaction terms are still under discussion. The company will continue actively advancing the transaction and will comply with subsequent approval and disclosure procedures in accordance with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

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