On September 17, HUA HONG GRACE fell 3.04% in regular trading, trading at 108.6 HKD/share, with turnover of HKD 595 million.
On the news front, the company recently completed the issuance of 190.77 million A-shares to acquire 97.50% equity in Shanghai Huali Microelectronics, with a per-share issue price of RMB 43.34 — representing an approximately 80% discount to the current A-share market price. The issuance expanded total A-share capital from 408 million to 599 million shares. The significant capital expansion has created a pronounced dilution effect on earnings per share, sustaining short-term selling pressure. The total consideration for the transaction amounted to approximately RMB 8.27 billion, settled entirely through share issuance.
Meanwhile, the broader semiconductor sector showed divergent performance, with SMIC declining 2.83%, Montage Tech down 1.41%, and GigaDevice down 1.38%, reflecting weak sector-wide momentum that further dragged on individual stock performance. Select names including Iluvatar CoreX and Biren Tech bucked the trend with gains of 6.63% and 3.47%, respectively.
(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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