FINWIRES · TerminalLIVE
FINWIRES

GigaDevice Semiconductor Chairman Plans 1 Billion Yuan Share Purchase

By

GigaDevice Semiconductor (HKG:3986, SHA:603986) said that Chairman Zhu Yiming plans to buy at least 1 billion yuan of the company's A shares between Dec. 13, 2026 and July 29, 2027, according to a Wednesday Hong Kong bourse filing.

The development came after Zhu completed the sale of 11.1 million A shares, or 1.58% of the company's share capital, between May 6 and June 12 for about 4.4 billion yuan, reducing his direct stake to 4.94% from 6.53%.

Separately, Zhu undertook not to reduce his shareholding for 12 months from July 29, 2026.

He and the concert party InfoGrid Limited currently hold a combined 6.80% stake in the company.

Related Articles

Asia

Jinhui Signs Sale-and-Leaseback Deals for Two Bulk Carriers

Jinhui (HKG:0137) has entered into sale-and-leaseback arrangements for two bulk carriers under construction, according to a Tuesday Hong Kong bourse filing.The company will sell each vessel to a unit of ICBC Financial Leasing for up to $18 million and lease them back under separate five-year bareboat charter agreements.The vessels, each with a deadweight of about 64,500 metric tonnes, are expected to be delivered in February and March 2028.

HKG:0137
Asia

BOE Technology Controlling Shareholder to Boost Ownership

BOE Technology (SHE:000725) said its controlling shareholder, Beijing Electronics, plans to purchase company shares worth 500 million yuan to 1 billion yuan over the next six months, according to a Wednesday filing with the Shenzhen bourse.

SHE:000725
Asia

CapitaLand India Trust Spends 30% of Private Placement Proceeds

CapitaLand India Trust (SGX:CY6U) has used SG$45.6 million, representing 30.4% of the gross proceeds of the private placement conducted earlier this year, according to a Wednesday filing to the Singapore stock exchange.Of the SG$100 million earmarked to part fund the ongoing development and construction as part of its acquisition of Building 1 of Ebisu in Bangalore, India, the manager used SG$37.3 million.The company also used SG$5.7 million of the SG$47.4 million allotted to part fund the ongoing development and construction of and acquisition of an office project in Bangalore from Maia Estates Offices.It also used SG$2.6 million to pay all the fees and expenses tied to the private placement.The company's shares were up nearly 2% in recent trade.

SGX:CY6U