GigaDevice Semiconductor (HKG:3986, SHA:603986) agreed to extend the operating term of Beijing Yitang Huachuang Equity Investment Center (Limited Partnership) to August 2, 2027, according to a Shanghai bourse filing on Saturday.
The Chinese semiconductor company's Shanghai shares dipped 8% and Hong Kong shares fell 5% during Monday's morning trade.
The 1.12 billion yuan fund, which is currently in the exit period, was extended because certain portfolio investments require additional time to complete their exits.
The company, which owns 8.97% of the fund, received 139.4 million yuan from the fund.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments