Giga Device Semiconductor (SHA:603986) is close to launching an initial public offering in Hong Kong after securing approval from China's securities watchdog, according to a Shanghai Stock Exchange filing on Wednesday.
The Chinese semiconductor company plans to issue up to 51,796,900 H-shares on the main board of the Hong Kong Stock Exchange.
The plan is still subject to approval from the Hong Kong Securities and Futures Commission and the Hong Kong bourse operator.
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