---
title: "CXMT To Reasonably Arrange Financing Pace, Says No Substantive Competition with GIGADEVICE"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292845425.md"
description: "CXMT stated it will reasonably arrange financing pace based on needs and regulations. The company clarified that it has no substantive competition with GIGADEVICE, citing significant differences in business models, products, markets, and strategies. Both firms' DRAM businesses differ markedly in development background and positioning, ensuring no horizontal competition or material adverse impact between them."
datetime: "2026-07-16T03:25:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292845425.md)
  - [en](https://longbridge.com/en/news/292845425.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292845425.md)
generator: "portal-rs"
---

# CXMT To Reasonably Arrange Financing Pace, Says No Substantive Competition with GIGADEVICE

Regarding whether CXMT (688825.SH) will launch refinancing plans after its listing, the company's management said it will reasonably arrange the financing pace based on funding needs, industry development and regulatory requirements, with details subject to listed company announcements.

In addition, Group Vice President and Board Secretary Yuan Yuan said the company and GIGADEVICE (03986.HK) -43.500 (-6.621%) Short selling $142.90M; Ratio 3.148% have substantive differences in principal business operations and business models, product structure, downstream application sectors, overlapping customers and suppliers, future process technologies and business layout planning. 

In the DRAM business, GIGADEVICE's DRAM business also differs markedly from the company in terms of development background and product structure, market positioning, business development stage and strategic development goals. 

The businesses and products of the company and GIGADEVICE do not have substantive competition or substitutability, and there is no horizontal competition or potential horizontal competition that would constitute a material adverse impact, nor any transfer of benefits or other special arrangements.  
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-15 16:25.) (A Shares quote is delayed for at least 15 mins.)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**