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HKC Completes Registration of 4 Billion Yuan Subsidiary

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HKC (SHE:001399) completed the registration of a new subsidiary, with a registered capital of 4 billion yuan, according to a Monday disclosure on the Shenzhen bourse.

The company received the business license of the subsidiary, Zhejiang Huixin Advanced Semiconductor, from the Market Supervision Administration of Keqiao District, Shaoxing City, China.

Huixin Advanced Semiconductor is allowed to manufacture and sell semiconductor devices, integrated circuit chips and specialized electronic materials, as well as optoelectronic devices.

The Chinese semiconductor display company's shares rose 4% at the close.

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