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Sun.King Technology Group Limited ( (HK:0580) ) has shared an announcement.
Sun.King Technology Group Limited announced a strategic transaction involving Sunking Semiconductor, where it will issue new registered capital to investors, reducing its equity interest from approximately 70.54% to 64.19%. This move, part of a Capital Increase Agreement, involves acquiring the entire equity interest in Hunan Hong’An for RMB180 million, which will be settled by issuing new capital. Despite the reduced equity stake, Sun.King maintains control over Sunking Semiconductor, which remains a subsidiary. These transactions are considered discloseable under Hong Kong’s Listing Rules, indicating significant yet controlled changes in the company’s equity structure.
More about Sun.King Technology Group Limited
Sun.King Technology Group Limited operates in the semiconductor industry, focusing on the production and development of semiconductor products. The company is involved in various transactions to optimize its equity interests and enhance its market presence.
Average Trading Volume: 2,368,977
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.13B
For detailed information about 0580 stock, go to TipRanks’ Stock Analysis page.