Crystal Integrated Circuits: Huqin's subsidiary Hefei Quinhe intends to enter into an agreement to purchase a 5% stake.
Crystal Integrated announced that its shareholder Zhuhai Crystal Innovation Investment Holding Co., Ltd. has signed a "Share Transfer Agreement" with Hefei Qinhe Electronic Technology Co., Ltd. and Huaxin Technology Co., Ltd. Hefei Qinhe intends to transfer 100,379,585 shares of Crystal Integrated held by Zhuhai Crystal Innovation Investment Holding Co., Ltd through the agreement, accounting for 5.00% of the total share capital of the company. The transfer price is 26.41 yuan/share, with a total transfer price of 2.651 billion yuan. After this change in equity, Hefei Qinhe and its concerted action person Huaxin Technology collectively hold 220,747,694 shares of Crystal Integrated, accounting for 11.00% of the total share capital of the company.
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