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Hua Hong Semiconductor Ltd. ( (HK:1347) ) has provided an update.
Hua Hong Semiconductor Ltd. has announced a delay in the dispatch of a circular related to a major acquisition agreement and a proposed non-public issuance of RMB shares. The delay is due to the need for additional time to finalize terms and prepare necessary documentation, including an asset valuation report and pro-forma financial information. The company has applied for an extension to dispatch the circular by December 31, 2025, and further announcements will be made regarding the timing. The completion of these transactions is contingent upon certain conditions, including shareholder approvals, and may not proceed if these conditions are not met.
The most recent analyst rating on (HK:1347) stock is a Buy with a HK$68.10 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. operates in the semiconductor industry, focusing on the production of integrated circuits and related technologies. The company is known for its expertise in providing semiconductor foundry services, catering to a diverse range of markets including consumer electronics, communications, and automotive sectors.
Average Trading Volume: 50,760,630
Technical Sentiment Signal: Buy
Current Market Cap: HK$106.7B
See more data about 1347 stock on TipRanks’ Stock Analysis page.