Shenzhen InfoGem Technologies (SHE:300085) denied online rumors that the company was under investigation, according to a Wednesday filing with the Shenzhen bourse.
The financial technology company said it received no notices or legal documents from any competent authority regarding an investigation.
Shenzhen InfoGem Technologies said production and operations remain normal, and all business activities are proceeding in order.
Shares of the company were down 6% in recent trade.
China denied the presence of forced labor in the country, slamming the U.S. for using probes on the issue as a pretext for additional tariffs, Beijing's Foreign Ministry Spokesperson Mao Ning said Wednesday."There is no such thing as 'forced labor' in China, and we oppose using this as a pretext for political manipulation," Mao said in a regular press briefing.Beijing has "consistently opposed all forms of unilateral tariff measures," Mao said.She also called on the U.S. to use dialogue to resolve trade issues.Section 301 inquiries by the U.S. found that 60 economies, including China and Hong Kong, failed to impose forced import prohibitions, according to a report by the U.S. Trade Representative released June 2.Following the investigation, the USTR proposed a 12.5% tariff on China, among other countries mentioned in the report.
Shenzhen H&T Intelligent Control (SHE:002402) completed the repurchase and cancellation of 9.2 million yuan of restricted shares.The move involved over 1.2 million shares at 7.3593 yuan apiece, according to a Thursday filing with the Shenzhen bourse.Post-cancellation, the company's total shares now stand at about 923.4 million.
Hua Hong Semiconductor (HKG:1347, SHA:688347) changed its English name to Hua Hong Grace Semiconductor, effective May 27, according to a Wednesday filing with the Hong Kong bourse.Shares of the semiconductor company were up over 5% in Thursday afternoon trading.The firm's stock short name will be changed to HUA HONG GRACE from "HUA HONG SEMI" effective June 8.