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Hua Hong Semiconductor Ltd. ( (HK:1347) ) has shared an announcement.
Hua Hong Semiconductor Ltd. has announced ongoing negotiations regarding a major acquisition and a proposed non-public issuance of RMB shares to raise ancillary funds. The company is preparing detailed financial information and reports to be included in a forthcoming circular, with further updates to be provided as necessary. The completion of these transactions is contingent upon certain conditions, including shareholder approvals and regulatory waivers, which may impact the company’s strategic positioning and stakeholder interests.
The most recent analyst rating on (HK:1347) stock is a Hold with a HK$75.00 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. operates in the semiconductor industry, focusing on the production of integrated circuits and related technologies. The company is known for its advanced manufacturing processes and serves a global market with a strong emphasis on innovation and quality.
Average Trading Volume: 60,694,643
Technical Sentiment Signal: Buy
Current Market Cap: HK$152.5B
See more data about 1347 stock on TipRanks’ Stock Analysis page.