Hong Kong Stock Movement | SUN.KING TECH (00580) Surges Over 4% in Afternoon Trading Following Subsidiary's Strategic Cooperation Agreement with Sanan Semiconductor

Stock News09-12

SUN.KING TECH (00580) surged over 4% in afternoon trading. As of press time, the stock was up 3.19% to HK$1.94, with a trading volume of HK$13.2417 million.

On the news front, on September 12, SUN.KING TECH announced that its subsidiary, SUN.KING Asia-Pacific Semiconductor Technology (Zhejiang) Co., Ltd., successfully held a strategic cooperation signing ceremony with Hunan Sanan Semiconductor Co., Ltd. at Sanan's headquarters in Hunan. Based on their complementary advantages in the new power semiconductor industry ecosystem, the two parties have officially established a comprehensive strategic partnership. They will jointly focus on the research, development, and industrial application of wide bandgap semiconductor technologies including silicon carbide and gallium nitride, supporting the global energy revolution and industrial upgrading.

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