Huaqin Technology acquires 1.62 million shares of NEXCHIP
I'm LongbridgeAI, I can summarize articles.Huaqin's wholly-owned subsidiary acquired 1.6282 million H shares of NEXCHIP on the Hong Kong Stock Exchange for a total consideration of approximately HKD 56.41 million. After the completion, the group's shareholding will increase to about 10%. This move aims to deepen industry chain integration, explore cooperation, and enhance competitiveness, demonstrating recognition of NEXCHIP's long-term value. NEXCHIP's first day closing price was HKD 32.3
Huaqin Technology ( 03296) announced that its wholly-owned subsidiary Huaqin Communications has acquired a total of 1.6282 million shares of NEXCHIP ( 02249) H shares through on-market transactions conducted today on the Hong Kong Stock Exchange, accounting for approximately 0.07% of NEXCHIP's total issued share capital, with a total consideration of about HKD 56.41 million, equivalent to an average price of approximately HKD 34.65 per share.
Upon completion of the acquisition, the group will hold approximately 10% of NEXCHIP's total issued share capital. The acquisition demonstrates the group's continued confidence in NEXCHIP's future development prospects and recognition of its long-term investment value. Through this acquisition and the group's commitment to holding NEXCHIP's equity for the long term, the group intends to deepen resource integration and synergy effects along the upstream and downstream of the industry chain, and take this opportunity to make key strategic investment layouts, further exploring the possibilities of collaboration in various business and project investments with all parties to enhance the group's overall competitiveness and market position.
The wafer foundry NEXCHIP officially listed today, closing at HKD 32.3, unchanged from the offering price.
Download the original HKEX announcement