Huaqin Technology: Plans to acquire 6.00% of Jinghe Integrated Circuit for RMB 2.393 billion at a transfer price of RMB 19.88 per share

2025-07-29 17:51:01

Huaqin Technology announced that it signed a share transfer agreement with Powerchip Ventures on July 29, 2025. The company intends to acquire 120 million shares of Jinghe Integrated Circuit (JIC) held by Powerchip Ventures in cash, representing 6.00% of Jinghe Integrated Circuit's total share capital, at a price of RMB 19.88 per share, for a total of RMB 2.393 billion. Prior to this transaction, the company held no shares in Jinghe Integrated Circuit; following this transaction, the company holds a 6.00% stake in Jinghe Integrated Circuit. The transaction is subject to compliance confirmation by the Shanghai Stock Exchange and share transfer registration procedures with the China Securities Depository and Clearing Corporation Limited.

Nexchip

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