Hua Hong Semiconductor Updates on Major Acquisition and Fundraising Plans
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Hua Hong Semiconductor Ltd. is in negotiations for a major acquisition and plans a non-public issuance of RMB shares to raise funds. These transactions depend on shareholder approvals and regulatory waivers, potentially impacting the company's strategic and financial structure. The stock is rated Hold with a HK$70.00 target. Hua Hong operates in the semiconductor industry, with a market cap of HK$143.1B and a strong buy technical sentiment.
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