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HG Semiconductor Limited ( (HK:6908) ) just unveiled an update.
HG Semiconductor Limited has completed Agreement A, acquiring the entire issued share capital of Target Company A, which holds about 8.34% of Shenzhen Jiahong, thereby consolidating Target Company A’s financial results into the group and maintaining Shenzhen Jiahong as an indirect non-wholly owned subsidiary with approximately 68.64% effective ownership by the group. To satisfy the consideration under the deal, the company issued 146,776,000 new shares at HK$0.50 each to Vendor A1, reshaping its shareholding structure by introducing Vendor A1 as a 12.51% shareholder and slightly diluting existing shareholders, a move that strengthens the group’s control over Shenzhen Jiahong while expanding its capital base.
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 semiconductor company focusing on the design, manufacture and investment in semiconductor-related businesses, with its operations including interests in companies such as Shenzhen Jiahong that support its broader semiconductor ecosystem in mainland China.
Average Trading Volume: 1,142,778
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$450.6M
See more data about 6908 stock on TipRanks’ Stock Analysis page.