Huasheng shares: planning a major asset restructuring, trading work is still ongoing.

date
18/11/2025
Hua Sheng shares announced that the company is planning to purchase 100% equity of Shenzhen Yixin Technology Co., Ltd. by issuing shares and paying cash, and to raise matching funds. The company's stock has been suspended from trading since June 10, 2025. The board of directors met on June 23 to review and approve the transaction proposal, and subsequently applied to resume trading from [specific resumption date missing] in 2025. As of the disclosure date of the announcement, the company and all parties are progressing with auditing, evaluation, and due diligence work. This transaction still needs to be reviewed by the board of directors and shareholders' meeting, approved by the Shanghai Stock Exchange and the China Securities Regulatory Commission, and there is uncertainty.