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Hua Hong Semiconductor Ltd. ( (HK:1347) ) has shared an announcement.
Hua Hong Semiconductor Ltd. has announced ongoing negotiations related to a major acquisition and a proposed non-public issuance of RMB shares to raise ancillary funds. The completion of these transactions is contingent upon certain conditions, including shareholder approvals and regulatory waivers, which may affect the company’s strategic positioning and financial structure.
The most recent analyst rating on (HK:1347) stock is a Hold with a HK$70.00 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. The company is primarily involved in the production and development of semiconductor products and services.
Average Trading Volume: 49,391,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$143.1B
See more data about 1347 stock on TipRanks’ Stock Analysis page.