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HG Semiconductor Limited ( (HK:6908) ) has provided an announcement.
HG Semiconductor Limited has announced two proposed acquisitions to purchase 100% of the share capital of Target Company A and Target Company B, which collectively hold a significant equity interest in Shenzhen Jiahong. The acquisitions, valued at HK$73,388,000 and HK$40,816,000 respectively, will be completed through the issuance of shares and a promissory note. This move will increase HG Semiconductor’s indirect ownership in Shenzhen Jiahong, potentially strengthening its influence and operational capacity in the semiconductor market.
The most recent analyst rating on (HK:6908) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on HG Semiconductor Limited stock, see the HK:6908 Stock Forecast page.
More about HG Semiconductor Limited
HG Semiconductor Limited is a company incorporated in the Cayman Islands, operating in the semiconductor industry. It focuses on the acquisition and management of semiconductor-related assets and interests, aiming to enhance its market position through strategic investments.
Average Trading Volume: 3,191,702
Technical Sentiment Signal: Sell
Current Market Cap: HK$478.8M
For an in-depth examination of 6908 stock, go to TipRanks’ Overview page.