Latest filings with the Hong Kong Stock Exchange reveal that on July 28, GIC Private Limited acquired 712,500 shares of NEXCHIP (02249) at an average price of HK$30.1181 per share, totaling approximately HK$21.459 million.
Following this transaction, GIC's total shareholding in NEXCHIP increased to around 11.4638 million shares, representing a 5.30% stake in the company.
This strategic move by the Singapore sovereign wealth fund underscores growing institutional confidence in the semiconductor sector.
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