Huahai Chengke (688535.SH) announced that the company is planning to acquire Hengsho Huawei Electronic Co., Ltd. (referred to as "Huawei Electronics") by issuing shares and paying cash in combination...
According to the announcement from Zhitong Finance and Economics APP, Huahai Chengke (688535.SH) announced that the company is planning to purchase 100% equity of Huawei Electronics by issuing shares and paying cash in combination while raising funds. In accordance with the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the trading of the company's stocks will be suspended starting from November 12, 2024 (Tuesday) and the expected suspension period will not exceed 5 trading days.
As of the date of this announcement, all parties involved are actively progressing with the various aspects of this transaction. The company expects that the resumption of trading will not take place on the morning of November 19, 2024 (Tuesday). Due to the significant uncertainties surrounding the above-mentioned matters, in order to ensure fair information disclosure, safeguard the interests of investors, and prevent abnormal fluctuations in the company's stock price, in accordance with the relevant regulations such as the "Shanghai Stock Exchange Listing Company Self-regulation Supervision Guidelines No. 4 - Suspension Resumption", upon application to the Shanghai Stock Exchange, the company's stocks will continue to be suspended from the morning of November 19, 2024 (Tuesday), with the expected continuation of the suspension period not exceeding 5 trading days.
