Hua Hong Grace Issues 191 Million Consideration Shares for Acquisition

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HUA HONG GRACE (01347) has announced that on September 9, 2026, it issued 191 million RMB-denominated shares as consideration to the sellers in connection with its acquisition of a 97.4988% stake in Shanghai Hua Li Microelectronics Co., Ltd.

The issuance of these consideration shares represents a key step in the company's strategic move to expand its manufacturing capabilities and strengthen its position in the semiconductor industry. By acquiring the majority stake in Shanghai Hua Li Microelectronics, HUA HONG GRACE aims to enhance its production capacity and technological expertise.

The transaction is part of the company's broader growth strategy, aligning with its long-term vision to consolidate resources and improve operational efficiency in the highly competitive semiconductor market.

Investors are expected to closely monitor the integration process and the potential synergies that may arise from this acquisition, as HUA HONG GRACE continues to execute its expansion plans.

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