Halo received a notice from the Shanghai Stock Exchange to suspend the review of the issuance of shares and cash payment for asset acquisition and the fundraising of supporting funds
I'm LongbridgeAI, I can summarize articles.Halo received a notice from the Shanghai Stock Exchange that the financial information in its application documents for the proposed transaction to acquire 100% of Shenzhen Chengxin Micro Technology Co., Ltd. through the issuance of shares and cash has expired and needs to be supplemented. Therefore, the Shanghai Stock Exchange has decided to suspend the review of the transaction
According to the announcement from Zhitong Finance APP, Halo (688173.SH) plans to acquire 100% of Shenzhen Chengxin Micro Technology Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds. On September 30, 2025, the company received a notice from the Shanghai Stock Exchange (referred to as "SSE") stating that the financial information recorded in the application documents for this transaction has expired and needs to be supplemented. In accordance with the relevant provisions of the "Shanghai Stock Exchange Rules for the Review of Major Asset Restructuring of Listed Companies," the SSE has suspended the review of this transaction