Movement Alert|Hua Hong Semiconductor Rises 3.51% in Regular Trading, Extending Rally After M&A Restructuring Approval

Market Focus06-22

On June 22, Hua Hong Semiconductor rose 3.51% in regular trading, trading at HK$171.1/share, with turnover of HK$2.62 billion.

On the news front, the stock continued to strengthen as the market digested the positive restructuring outcome. The Shanghai Stock Exchange M&A Restructuring Review Committee approved the companys share issuance to acquire 97.4988% equity of Huali Micro and raise supplementary funds on June 18. Upon completion, Huali Micros 65/55nm and 40nm logic process capabilities will be injected into the listed company, adding 38,000 wafers per month of 12-inch capacity and significantly enhancing its market position in specialty process foundry services.

The transaction still requires CSRC registration approval before implementation. Within the Semiconductor sector, the overall sector remained strong, with Innoscience up 8.82%, Gigadevice up 7.88%, Iluvatar CoreX up 6.19%, Montage Tech up 5.06%, and SMIC up 5.03%.

(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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