Hua Hong Advances Shanghai Approval for Acquisition and RMB Share Issue Without Changing Deal Terms

An announcement from Hua Hong Semiconductor Ltd. ( (HK:1347) ) is now available.

Hua Hong Semiconductor has provided updated financial information and reporting materials to the Shanghai Stock Exchange in pursuit of approvals for its previously announced acquisition of a target company and a non-public issuance of RMB shares to raise supporting funds. The transactions, which include a major and connected acquisition, a whitewash waiver, a special deal and related-party aspects, were already approved by shareholders in February 2026 and remain on the same terms.

The company also highlighted overseas regulatory announcements on the Shanghai bourse detailing the share issuance for asset purchases, the related funding plan and independent financial adviser opinions, as well as pro forma consolidated financial statements for 2024 and 2025. These steps indicate that Hua Hong is progressing through regulatory procedures without altering deal structures, signaling continuity and visibility for stakeholders awaiting completion of the acquisition and financing package.

The most recent analyst rating on (HK:1347) stock is a Hold with a HK$88.00 price target. To see the full list of analyst forecasts on Hua Hong Semiconductor Ltd. stock, see the HK:1347 Stock Forecast page.

More about Hua Hong Semiconductor Ltd.

Hua Hong Semiconductor Limited is a Hong Kong–incorporated semiconductor manufacturer focused on foundry services and related integrated circuit solutions. The company is listed in Hong Kong and also engages with investors via the Shanghai Stock Exchange through RMB share issuances to support its growth and asset acquisitions in mainland China.

Average Trading Volume: 23,896,399

Technical Sentiment Signal: Buy

Current Market Cap: HK$162.1B

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