On October 19, the resumption of high-tech development bidding rose to the limit, and the amount of sealed orders was nearly 12 billion. On the news, the company announced in the early morning today that the company intends to purchase a total of 70% of the equity of the computing power industry enterprise Huakun Zhenyu by issuing shares and paying cash, and the shares will resume trading on October 19.
From the touch, we can see that the return on investment of high-tech development has been 46.57% since the beginning of this year.
However, the current risk index is still higher than the value, and the limit is mainly affected by the news.
With revenue of RMB3.5 billion in 2022, Hua Kunpeng Zhenyu ranks first in the sales scale and capability assessment of the Kunpeng + Ascend ecosystem, and is the only partner among Huawei's ecosystem partners to obtain the "Kunpeng + Ascend" dual leading certification.
Trading of the Company's securities will be suspended from September 27 to October 18, 2023
High-tech Development announced that the company intends to purchase the equity of Huakun Zhenyu held by CDHTI Electronics Group by issuing shares, and intends to purchase the equity of Huakun Zhenyu held by Gongqingcheng Huakun and Pingtan Yunchen by issuing shares and paying cash, due to the uncertainty of relevant matters, in order to protect the interests of investors and avoid a significant impact on the company's securities transactions, according to the relevant regulations of the Shenzhen Stock Exchange, upon the application of the company, the company's securities will be suspended from the market open on September 27, 2023, and will resume trading on October 19.
Plans to acquire Huawei's Kunpeng Ecosystem Chain Enterprise
High-tech Development, which is in the process of business transformation, is planning to acquire a high-tech company.
According to the announcement of High-tech Development on the evening of September 26, the company is planning to issue shares to purchase assets, and intends to acquire the control of Sichuan Huakun Zhenyu Intelligent Technology Co., Ltd. (hereinafter referred to as Huakun Zhenyu), a Huawei Kunpeng ecological chain enterprise.
In 2022, High-tech Development entered the power semiconductor industry through the merger and acquisition of power semiconductor companies Chengdu Senwei Technology Co., Ltd. and Chengdu Gaotou Xinwei Semiconductor Co., Ltd., and this time the listed company plans to acquire the control of Huawei Kunpeng ecological chain enterprise, Hua Kun Zhenyu.
According to the official website of Huakun Zhenyu, the company was founded in 2020 and is responsible for the design, production, sales, and service of "Tiangong" self-branded servers, storage, PCs, machine vision and other products based on Huawei's "Kunpeng + Ascend" processor, providing computing power support for the digital transformation and development of various industries.
According to the disclosure of high-tech development, on September 26, high-tech development signed agreements of intent with Chengdu CDHTI Electronic Information Industry Group Co., Ltd. (hereinafter referred to as CDHTI Electronics Group), Gongqingcheng Huakun Zhenyu Investment Partnership (Limited Partnership) (hereinafter referred to as Gongqingcheng Huakun) and Pingtan Yunchen Science and Technology Partnership (Limited Partnership) (hereinafter referred to as Pingtan Yunchen), a shareholder of Huaqun Zhenyu.
The agreement stipulates that High-tech Development intends to purchase the equity of Huakun Zhenyu held by CDHTI Electronics Group by issuing shares, and intends to purchase the equity of Huakun Zhenyu held by Gongqingcheng Huakun and Pingtan Yunchen by issuing shares and paying cash. The final purchase ratio and transaction plan shall be subject to the official transaction documents signed by all parties.
Industrial and commercial information shows that at present, CDHTI Electronics Group, Gongqingcheng Huakun and Pingtan Yunchen hold a total of 70% of the equity of Huakun Zhenyu. Among them, CDHTI Electronics Group holds 30% of the shares, which is a wholly-owned subsidiary of CDHTI Group, and CDHTI Group is the controlling shareholder of High-tech Development, so this transaction constitutes a related party transaction.
Affected by this transaction, trading of High-Tech Development has been suspended from today (September 27). According to High-tech Development, the company expects to disclose the transaction plan within no more than 10 trading days, and if the company fails to convene the board of directors to deliberate and disclose the transaction plan within the above period, the company's securities will resume trading and terminate the planning related matters from the market open on October 19 at the latest, and disclose the main work of the planning matters during the suspension period, the progress of the matters, the impact on the company and the follow-up arrangements.
Elephant view: There are no major changes in the high-tech development company itself, and the price limit is mainly affected by the acquisition news, and it is necessary to pay attention to follow-up risks.