Movement Alert|Shanghai Fudan Microelectronics Rises 5.3% in Regular Trading, Share Transfer Plan Extended to October

Market Focus06-30

On June 30, Shanghai Fudan Microelectronics rose 5.3% in regular trading, trading at 31.84 HKD/share, with turnover of approximately 84.30 million HKD.

On the news front, the company announced over the weekend that the deadline for the approximately 13% stake transfer from shareholder Fuxin Fangao to Shanghai Guosheng Group Investment has been further extended from June 30 to October 31. The consideration for the transfer was previously reduced to 2.05 billion yuan from the original 5.14 billion yuan. Upon completion, Guosheng Investment will become the company's largest shareholder, though the company will remain without a controlling shareholder or ultimate controller.

Meanwhile, the Hong Kong-listed semiconductor sector strengthened broadly on the same day, with SMIC up 5.42%, Hua Hong Grace up 3.72%, and Montage Technology up 4.60%, indicating a clear sector linkage effect.

(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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