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HG Semiconductor Limited ( (HK:6908) ) just unveiled an update.
HG Semiconductor Limited has completed a discloseable and connected transaction under Agreement B, resulting in the company acquiring the entire issued share capital of Target Company B. Target Company B holds about 4.64% of Shenzhen Jiahong, which will now be consolidated into HG Semiconductor’s financial statements.
Following the transaction, Shenzhen Jiahong remains an indirect non-wholly owned subsidiary of HG Semiconductor, owned by the Group and other investors with the Group retaining a majority stake of roughly 73.28%. To settle the consideration under Agreement B, HG Semiconductor issued an interest-bearing promissory note of HK$40.816 million to the vendor, indicating a continued capital commitment to strengthen its control over semiconductor-related assets.
The most recent analyst rating on (HK:6908) stock is a Hold 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 Hong Kong-listed company incorporated in the Cayman Islands, operating in the semiconductor sector. Through its subsidiaries, it invests in and controls interests in related technology businesses, including Shenzhen Jiahong, reflecting a focus on semiconductor and associated technology assets in mainland China.
Average Trading Volume: 1,088,733
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$539.9M
See more insights into 6908 stock on TipRanks’ Stock Analysis page.