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Hua Hong Semiconductor Ltd. ( (HK:1347) ) has shared an announcement.
Hua Hong Semiconductor Ltd. has announced a monthly update regarding its major and connected transaction, which includes a proposed acquisition and a non-public issuance of RMB shares to raise ancillary funds. The company is currently negotiating the terms of the acquisition and preparing necessary documentation, with a delay in the dispatch of the circular approved until December 31, 2025. The completion of these transactions is contingent upon certain conditions, including shareholder approval, and may not proceed if these conditions are not met.
The most recent analyst rating on (HK:1347) stock is a Hold with a HK$90.00 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 in the semiconductor industry. It focuses on the manufacturing and development of semiconductor products, catering to a wide range of market needs.
Average Trading Volume: 58,705,751
Technical Sentiment Signal: Buy
Current Market Cap: HK$163B
See more insights into 1347 stock on TipRanks’ Stock Analysis page.