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Hua Hong Semiconductor Ltd. ( (HK:1347) ) has provided an announcement.
Hua Hong Semiconductor Ltd. has announced a major acquisition agreement to purchase 97.4988% of the share capital of a target company, with the remaining shares already owned by its subsidiary, HHGrace. This acquisition involves issuing consideration shares and a cash payment, with the final terms subject to further negotiations and appraisals. Additionally, the company plans a non-public issuance of RMB shares to raise supporting funds, contingent on regulatory approvals and completion of the acquisition. These strategic moves are expected to enhance Hua Hong’s market position and operational capabilities.
The most recent analyst rating on (HK:1347) stock is a Hold with a HK$40.00 price target. To see the full list of analyst forecasts on Hua Hong Semiconductor Ltd. stock, see the HK:1347 Stock Forecast page.
More about Hua Hong Semiconductor Ltd.
Hua Hong Semiconductor Ltd. is a company incorporated in Hong Kong, operating within the semiconductor industry. It focuses on the production and development of semiconductor products, serving various market needs with its advanced technological offerings.
Average Trading Volume: 44,182,932
Technical Sentiment Signal: Buy
Current Market Cap: HK$105.5B
For an in-depth examination of 1347 stock, go to TipRanks’ Overview page.