Movement Alert|NEXCHIP Rises 3.02% in Regular Trading, Huaqin Technology Continues Intensive Accumulation of H Shares

Market Focus07-24

On July 24, NEXCHIP rose 3.02% in regular trading, trading at HK$34.8/share, with turnover of approximately HK$71.23 million.

On the news front, Huaqin Technology's wholly-owned subsidiary Huaqin Telecom has been intensively accumulating NEXCHIP H shares in recent weeks. Since July 10, Huaqin has conducted multiple rounds of purchases, raising its stake from approximately 10.00% to around 10.91%. Between July 16 and July 22, single-day purchases ranged from 3.12 million to 6.26 million shares, with total consideration per transaction reaching up to HK$189 million. On July 23, Huaqin acquired an additional 1.996 million shares at an average price of approximately HK$32.95, spending about HK$65.77 million. Huaqin Technology stated the purchases reflect confidence in NEXCHIP's future development prospects and recognition of its long-term investment value.

Additionally, NEXCHIP confirmed that its current order book remains robust and capacity utilization continues at elevated levels, providing further fundamental support.

(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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