GigaDevice Climbs Over 7% in Afternoon Trading, Q3 Results Due Tomorrow

Deep News10-28

GigaDevice (03986) surged more than 10% in afternoon trading. As of press time, the stock was up 9.67% at HK$358.40, with turnover of HK$833.5 million.

GigaDevice announced that it had repurchased a cumulative 3.0086 million shares through centralized bidding, representing 0.43% of total share capital, with a total amount paid of 1.115 billion yuan. In addition, GigaDevice will release its third-quarter results on October 29.

Notably, according to the China Securities Index Company website, ChangXin Technology has been included in the SSE Composite Index with a weighting of 4.67%, currently the largest weighted stock in the index. Public information shows that ChangXin Technology is both GigaDevice's most significant equity investment and an important procurement and foundry partner for its DRAM products, with both companies chaired by Zhu Yiming.

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