Fudan Microelectronics Says Share Transfer Plan Further Extended to October

MT Newswires Live06-29

Shanghai Fudan Microelectronics (HKG:1385, SHA:688385) said the deadline for the plan that would change the company's control is further extended to Oct. 31, according to a Hong Kong filing on Saturday.

The integrated circuit maker's Hong Kong shares climbed 7%, while Shanghai shares jumped 6% at the close of Monday's trade.

In November 2025, Shanghai Fudan Fangao IC Technology signed an agreement that would see the transfer of around 13% of the company to Shanghai Guosheng Group Investment. The consideration for the transfer was reduced to 2.05 billion yuan from 5.14 billion yuan in May.

The deadline for the share transfer was previously set on June 30, Tuesday.

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