Zhuhai Huafa Entity Industrial Investment Holdings Co., Ltd. signed a share transfer agreement to acquire 14.44% stake in HC SemiTek Corporation (SZSE:300323) from Shanghai Canrong Industrial Co., Ltd., Jing Tian Capital I, Limited, Jing Tian Capital II, Limited and Kai Le Capital Limited for CNY 2.1 billion on January 22, 2021. Zhuhai Huafa will acquire 9.14% stake from Jing Tian Capital I, 0.75% stake from Jing Tian Capital II, 2.94% stake from Kai Le Capital and 1.61% stake from Shanghai Canrong. Upon completion, Zhuhai Huafa's holdings will increase to 24.87% stake in HC SemiTek.