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HG Semiconductor Limited ( (HK:6908) ) has provided an update.
HG Semiconductor Limited has announced the results of its Rights Issue, which offered 187,763,696 Rights Shares. The Rights Issue was approximately 74.74% subscribed, with valid applications and acceptances for 140,332,194 Rights Shares. The remaining 25.26% of Unsubscribed Rights Shares will be placed with independent placees through compensatory arrangements. This initiative allows the company to manage its capital structure effectively, but shareholders are cautioned about the potential risks if the Rights Issue conditions are not met.
More about HG Semiconductor Limited
HG Semiconductor Limited is a company incorporated in the Cayman Islands, focusing on the semiconductor industry. The company is involved in the production and distribution of semiconductor products and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -1.49%
Average Trading Volume: 8,433,978
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$619.6M
For detailed information about 6908 stock, go to TipRanks’ Stock Analysis page.