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Hunan Friendship & Apollo Commercial (002277.SZ): Plans to acquire 100% equity of Shenzhen Shanyangtong Technology Co., Ltd., entering the power Semiconductors field, and will resume trading on December 11.
On December 10, Ge Long Hui announced that Hunan Friendship & Apollo Commercial (002277.SZ) disclosed a plan for issuing shares and paying cash to purchase assets and raise supporting funds as well as related transactions. The listed company intends to acquire 100% equity of Shenzhen Shanyangtong Technology Co., Ltd. through the issuance of shares and cash payment, and raise supporting funds. Before this transaction, the listed company primarily focused on department store retail as its main business, which has faced challenges in recent years due to changing consumer habits, as well as the impact of emerging business formats such as e-commerce and instant retail. The competition in the traditional physical operation model has intensified, putting pressure on the main business performance of the listed company. The target company focuses on the R&D and design of high-performance Semiconductors power devices.
Hunan Friendship & Apollo Commercial Leases Property in Changsa City
Another cross-industry merger! The department store acquires semiconductors.
Recently, there has been another cross-border merger and acquisition in the semiconductor sector. On November 27, Hunan Friendship & Apollo Commercial Co., Ltd. (002277.SZ) announced that it is planning to purchase 82.37% of Shenzhen Shangyangtong Technology Co., Ltd. (referred to as: Shangyangtong) from the 20 trading parties such as Jiang Rong and Jiang Feng by issuing shares and paying cash, and raising matching funds. The company's stocks will be suspended from trading on November 27, 2024. This transaction is expected to constitute a major asset restructuring as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies", and the company is expected to disclose the transaction plan within a period not exceeding 10 trading days.
Great reversal! Stocks with net profit fall hit the limit up!
Are technology stocks no longer attractive?
hunan friendship & apollo commercial (002277.SZ) plans to participate in the auction of the property where the Apollo Commercial Plaza is located.
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