Huaqin lifts Nexchip stake to 11.03% in disclosed Hong Kong deal
I'm LongbridgeAI, I can summarize articles.Huaqin Technology increased its stake in Nexchip Semiconductor to approximately 11.03% by acquiring 2,655,700 H shares for roughly HK$90.9 million on the Hong Kong Stock Exchange. This transaction, funded internally, aggregates with earlier purchases since August 2025, exceeding the 5% disclosure threshold but remaining below the 25% level requiring shareholder approval. The move highlights Huaqin's strategic expansion into the semiconductor value chain.
Huaqin Technology Co., Ltd. Class H ( (HK:3296) ) has shared an announcement.
Huaqin Telecom has increased its stake in Nexchip Semiconductor to about 11.03% after acquiring 2,655,700 H shares on the Hong Kong Stock Exchange for roughly HK$90.9 million in cash. The on-market purchase, funded from internal resources, was executed at an average price of HK$34.23 per share and involved counterparties the company believes are independent third parties.
The latest acquisition is being aggregated with a series of earlier stake-building transactions in Nexchip completed since August 2025, lifting the overall deal size above Hong Kong’s 5% disclosure threshold but below the 25% level that would require shareholder approval. The move underlines Huaqin’s strategic alignment with a key semiconductor foundry player, while remaining within regulatory limits that only trigger reporting and announcement obligations.
More about Huaqin Technology Co., Ltd. Class H
Huaqin Co., Ltd. is a Chinese technology company that operates through its wholly owned subsidiary Huaqin Telecom and is listed in Hong Kong. The group is expanding its presence in the semiconductor value chain by investing in Nexchip Semiconductor, a pure-play foundry focused on 12-inch wafer manufacturing with dual listings in Shanghai and Hong Kong.
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