Hangzhou SDIC Microelectronics' (SHA:688130) chairman, Lu Hanquan, plans to increase holdings in the company by between 15 million yuan and 30 million yuan, according to a Wednesday filing on the Shanghai Stock Exchange.
Lu will raise his stocks within six months, the Chinese hybrid integrated circuits manufacturer said.
Currently, Lu directly holds 40.3 million shares or 43.4% of the company.
Shares of the company slipped less than 2% at the close.
Price (RMB): ¥26.72, Change: ¥-0.51, Percent Change: -1.87%
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