Huaqin Co., Ltd. spends HK$90.9 million to acquire 2.66 million Nexchip H-shares

Stock News07-24

On July 24, 2026, HUAQIN (03296) announced that its wholly-owned subsidiary, Huaqin Communications, completed on-market transactions on the Stock Exchange of Hong Kong, acquiring a total of 2,655,700 H-shares of NEXCHIP.

These shares represent approximately 0.12% of NEXCHIP's total issued share capital as of the announcement date. The total consideration for the acquisition was approximately HK$90.9 million (excluding transaction costs), translating to an average price of about HK$34.23 per target share.

Following the completion of this acquisition, the Group now holds approximately 11.03% of the total issued share capital of NEXCHIP.

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