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Giga Device Semiconductor Inc. Class H ( (HK:3986) ) has shared an announcement.
GigaDevice Semiconductor has increased its total share capital to 701,102,451 shares following the issuance of 571,379 new A shares under its 2021 stock option and restricted share incentive plan and the Hong Kong listing of 33,253,100 H shares, including shares from a fully exercised over-allotment option. As a result, the company plans to amend its articles of association to reflect the higher registered capital, updated share structure and effective date provisions, with the changes pending approval at the forthcoming annual general meeting while the existing articles remain in force.
The board’s decision to align the articles with the expanded capital base and dual-share structure underscores GigaDevice’s ongoing use of equity incentives and international capital markets to support growth and liquidity. These amendments formalize the company’s post-listing capital structure, providing greater clarity for shareholders and reinforcing its compliance posture as it deepens its presence on the Hong Kong market.
More about Giga Device Semiconductor Inc. Class H
GigaDevice Semiconductor Inc. is a Chinese chipmaker operating in the semiconductor industry, with its shares listed in both mainland China as A shares and in Hong Kong as H shares. The company focuses on memory and related semiconductor products, using equity incentive plans and overseas listings to broaden its capital base and enhance its market presence.
Average Trading Volume: 1,732,004
Current Market Cap: HK$207.8B
Find detailed analytics on 3986 stock on TipRanks’ Stock Analysis page.