Gelonghui, December 25 | Huada Technology (603358.SH) announced that in order to further enhance the company's rights and interests in Jiangsu Hengyi, Jiangsu, enhance the level of equity and profit attributable to shareholders of listed companies, and enhance the core competitiveness of listed companies, the company plans to use its own capital to acquire 10.20% of Jiangsu Hengyi shares held by Yibin Chendao and Ningbo Chaoxing. Since the audit and evaluation work of the target company has not yet been completed, the assessed value of the underlying assets and the price of this transaction have not yet been determined. The final transaction price of this transaction will be based on the evaluation results issued by an asset evaluation agency that complies with the provisions of the Securities Law. The listed company will negotiate with Yibin Chendao and Ningbo Chaoxing, and the parties to the transaction will separately agree on a formal transaction agreement.
According to the “Shanghai Stock Exchange Stock Listing Rules”, “Self-Regulatory Guidelines for Companies Listed on the Shanghai Stock Exchange No. 4 - Suspension and Resumption of Trading” and other relevant regulations, after applying to the Shanghai Stock Exchange, the Company's shares will resume trading on the morning of December 26, 2023 (Tuesday).