TREE NEWS update: Garden Co. announced it plans to acquire a controlling stake in Hangzhou Hualan Microelectronics Co. through a combination of share issuance and cash. The transaction is still at the planning stage, with the target’s valuation, audit and appraisal, deal amount and the mix of shares and cash not yet determined. Trading in the company’s shares will be suspended from Sept. 14, 2026, for no more than 10 trading days.
Garden Shares Suspended from Sept 14 Over Plan to Buy Control of Hualan Microelectronics
The suspension is procedural rather than a verdict on the deal: the buyer has locked in up to ten trading days to keep the market from pricing a transaction whose size, valuation and cash-versus-equity mix are all still undecided. That the structure is this open matters, because the share-issuance portion will ultimately hinge on a valuation neither side has set, and the cash portion on a balance sheet not yet disclosed. Whether the plan firms into a signed agreement within the suspension window is the open question.
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