GIGADEVICE Shareholder Transfers Stock from Citibank to UBS Securities Hong Kong Limited in a HK$367 Million Move

Stock News08:48

According to the latest data from the Hong Kong Stock Exchange, on March 5th, a shareholder of GIGADEVICE (03986) transferred shares from Citibank to UBS Securities Hong Kong Limited. The value of the transferred shares was HK$367 million, representing 3.00% of the company's holdings.

Separately, GIGADEVICE announced that, to expand its industrial footprint in cutting-edge technology sectors, the company plans to invest RMB 400 million of its own capital as a limited partner. The investment will be used to subscribe to the Shanghai Shixi GIGADEVICE Zhixin Venture Capital Partnership (provisional name, subject to final registration), which is being established by Beijing Shixi Qingliu Private Fund Management Co., Ltd.

The fund will primarily invest in unlisted companies within industries such as integrated circuits. A minimum of 70% of the fund's total committed capital will be allocated to investments in the integrated circuit field. The investment focus will be on early-stage companies, small and medium-sized enterprises, and high-tech firms.

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