Movement Alert|Hua Hong Semiconductor Rises 4.01% in Regular Trading, Continuing Post-M&A Approval Rally

Market Focus06-23

On June 23, Hua Hong Semiconductor rose 4.01% in regular trading, trading at 170.1 HKD/share, with turnover of HKD 658 million. The stock continues to digest the positive news that the Shanghai Stock Exchange M&A Review Committee approved the company's share issuance to acquire 97.4988% equity of Shanghai Huali Microelectronics on June 18.

The transaction is valued at approximately RMB 8.268 billion, with additional fundraising of up to RMB 7.556 billion from no more than 35 qualified investors. Upon completion, Huali Micro's 65/55nm and 40nm logic process capabilities will be injected into the listed company, adding 38,000 wafers per month of 12-inch production capacity. This significantly strengthens Hua Hong's market position in specialty process foundry services while resolving intra-group competition issues with its controlling shareholder. The transaction still requires CSRC registration approval before implementation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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