On May 25, leading Chinese computing power companies Hygon Information and Sugon announced plans for a strategic merger.
Hygon Information stated in its announcement that it is planning to merge with Sugon by issuing A-shares to all A-share exchange shareholders of Sugon, effectively absorbing the company. The merger will also include the issuance of A-shares to raise supplementary funds. To ensure fair information disclosure and protect investor interests, while avoiding abnormal stock price fluctuations, Hygon Information's A-shares will be suspended from trading starting at the market opening on May 26, 2025. The suspension is expected to last no more than 10 trading days.
Sugon's announcement echoed similar details, confirming the merger plan with Hygon Information, which involves Hygon issuing A-shares to Sugon's A-share exchange shareholders to facilitate the merger, along with issuing A-shares to raise additional funds. In line with this, Sugon's A-shares will also be suspended from trading starting at the market opening on May 26, 2025, with an expected suspension period of no more than 10 trading days.
With years of expertise in high-performance computing, storage, and cloud computing, Sugon will combine forces with Hygon Information, which focuses on the design of domestic architecture CPUs, DCUs, and other core chips. This merger aims to optimize the entire industry chain from chips to software and systems. By pooling high-quality resources from upstream and downstream of the information industry chain, the combined entity will enhance the industry chain's "strengthening, supplementing, and extending" goals, with the leading enterprises playing a key role.