3 stories mentioning SHA:688120Updated 19d ago
Every FINWIRES story that references SHA:688120, newest first.
Hwatsing Technology (SHA:688120) plans to raise up to 400 million yuan from the sale of 35.4 million shares to 35 investors under a private placement, according to a Friday filing with the Shanghai bourse.Proceeds will be used to fund integrated circuit and semiconductor equipment research and development, as well as wafer regeneration and expansion projects, the filing said.
Hwatsing Technology's (SHA:688120) attributable profit rose 6% to 247.3 million yuan in the first quarter from 233.4 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the semiconductor equipment product manufacturer increased 6% to 0.70 yuan from 0.66 yuan in the prior-year period.Operating income grew 32% year over year to 1.20 billion yuan from 912.5 million yuan.
Hwatsing Technology (SHA:688120) decided to terminate plans to issue and list shares on the Hong Kong Stock Exchange, according to a Thursday disclosure on the Shanghai bourse.The decision was made after considering the external macroeconomic environment, capital market conditions and the Chinese semiconductor equipment manufacturer's development plans.The company's shares dropped 3% at the opening of the trade.
