Huaqin Technology buys 3,115,900 Nexchip Semiconductor H shares for HK$93.22 million
I'm LongbridgeAI, I can summarize articles.Huaqin Telecom, a subsidiary of Huaqin Technology, acquired 3,115,900 H shares of Nexchip Semiconductor for HK$93.22 million on July 20, 2026, at an average price of HK$29.92 per share. This transaction increased Huaqin's stake in Nexchip to approximately 10.62%. The purchase was funded using cash on hand and is classified as a discloseable transaction under Hong Kong listing rules.
- Huaqin Technology’s Huaqin Telecom bought 3,115,900 Nexchip Semiconductor H shares on July 20, 2026 for HK$93.22 million. * Average purchase price was HK$29.92 per share; the stake bought represents about 0.14% of Nexchip’s issued share capital. * Group ownership in Nexchip rose to about 10.62% following the on-market acquisition. * Purchase was funded from cash on hand; no global offering proceeds were used. * Deal was classified as a discloseable transaction under Hong Kong listing rules when aggregated with prior Nexchip share purchases. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huaqin Technology Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260720-12250125), on July 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)