On September 15, ILUVATAR COREX rose 6.15% in regular trading, trading at 112.6 HKD/share, with turnover of approximately HKD 212 million. The move was primarily driven by the company's capitalization issue officially going ex-rights today, alongside a broad rally across the semiconductor sector.
The company's extraordinary general meeting passed a special resolution on September 10 to distribute capitalized shares from capital reserves at a ratio of 2 new shares for every 1 existing share held. The ex-rights adjustment significantly lowered the per-share price base from around HKD 293 the prior session, attracting active capital participation. The move is intended to optimize the share capital structure and create flexibility for future equity and debt financing activities.
The semiconductor sector provided additional tailwinds, with GIGADEVICE up 8.33%, MONTAGE TECH up 7.49%, BIREN TECH up 5.62%, HUA HONG GRACE up 4.41%, and SMIC up 2.45%. Separately, Macquarie maintains an Outperform rating on the stock, citing its new-generation GPGPU chip cycle and growing cloud service provider client base as medium-term catalysts.
(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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