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9 stories mentioning SHA:688249Updated 8d ago

Every FINWIRES story that references SHA:688249, newest first.

Asia

Huaqin Telecom Ups Stake in Nexchip to 10.82%

Huaqin's (SHA:603296, HKG:3296) wholly owned subsidiary, Huaqin Telecom, purchased 4.45 million H-shares of Nexchip Semiconductor (SHA:688249) at an average price of HK$32.39 per share, for a total of HK$144 million.Following this on-market acquisition, the group's total stake in Nexchip now stands at 10.82%, according to a Hong Kong bourse filing on Wednesday.The consideration was fully settled from the group's existing cash reserves, with the counterparties confirmed as independent third parties.

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Asia

Huaqin Technology Subsidiary Buys More H Shares in Nexchip; Nexchip Hong Kong Shares Rise 3%

Huaqin Technology (SHA:603296, HKG:3296) subsidiary Huaqin Telecom purchased 6.3 million H shares in Nexchip Semiconductor (SHA:688249, HKG:2249) for about HK$189.1 million, according to a Friday filing with the Hong Kong bourse.The shares will comprise 0.28% of the total share capital of Nexchip. They were purchased at about HK$30.21 apiece.Upon completion, Huaqin will hold 10.48% of Nexchip.Shares in Huaqin rose 2% in Shanghai and Hong Kong, while Nexchip's shares jumped 3% in Hong Kong but slipped 2% in Shanghai.

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Asia

Hong Kong Stocks Advance; Befar Falls, Nexchip Semiconductor Closes Flat on Debut

Hong Kong stocks closed higher Friday as investors shrugged off renewed U.S.-Iran hostilities, while another strong rally in chip stocks lifted technology shares.The Hang Seng Index rose 0.6%, or 144.94 points, to close at 24,175.12, while the Hang Seng China Enterprises Index gained 0.5%, or 41.90 points, to finish at 8,039.19.Investors largely looked past the latest exchange of attacks between the United States and Iran, despite further straining the fragile ceasefire reached last month.Meanwhile, the European Commission imposed anti-dumping duties ranging from 4.3% to 45.3% on imports of Chinese tyres for cars, light trucks and buses.Technology shares also found support as investors turned their attention to SK Hynix's U.S. market debut after the South Korean chipmaker raised about $26.5 billion in the world's second-largest share sale, behind SpaceX's record-breaking offering last month.In corporate news, two companies made their debut on the Hong Kong bourse, extending the recent wave of new listings.Befar Group (HKG:6745, SHA:601678) ended the session nearly 19% lower at HK$2.83, versus its offer price of HK$3.48.Nexchip Semiconductor (HKG:2249, SHA:688249) closed flat at HK$32.30, in line with its offer price.

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Asia

Nexchip Semiconductor Jumps 12% in Hong Kong Trading Debut

Nexchip Semiconductor's (HKG:2249; SHA:688249) shares opened 12% above the offer price in a strong Hong Kong debut on Friday morning.The semiconductor foundry opened at HK$36.00 per share, compared with the offer price of HK$32.30.

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Asia

Nexchip Semiconductor Nets HK$6.8 Billion in Hong Kong Listing

Nexchip Semiconductor (HKG:2249, SHA:688249) is poised to receive HK$6.78 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares at the upper limit of the indicative range.The semiconductor foundry issued 216.2 million shares at HK$32.30 apiece, the top end of its guidance of as low as HK$30 per share, according to a Thursday disclosure.The Hong Kong public offering was 344.26 times subscribed, with 21.6 million shares allocated, while the international offering was 14.62 times subscribed, with 194.6 million shares allocated.Cornerstone investors were allotted 107.9 million shares, representing almost half of the IPO shares.Nexchip Semiconductor is scheduled to debut on the Hong Kong bourse today, July 10.

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Asia

Ferrotec An Hui Tech to Inject 50 Million Yuan in Semiconductor Investment Fund

Ferrotec An Hui Technology Development (SHE:301297) has signed a revised partnership agreement, committing to invest 50 million yuan into a semiconductor investment fund, according to a Shenzhen Stock Exchange filing on Wednesday.The joint investment will increase the Lu'an Jinghui Chuangxin Equity Investment Fund's total subscribed capital to 650 million yuan from 350.5 million yuan.The semiconductor and display panel cleaning services company secured a 7.69% stake in the fund as a limited partner.The fund, managed by Hefei Jinghe Huixin Private Equity, brings together several industry players including Nexchip Semiconductor (SHA:688249) and Shanghai GenTech (SHA:688596). It will focus on investing in semiconductors and related fields, targeting the upstream and downstream of the industry chain.

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Asia

Huaqin Raises HK$679 Million From Full Exercise of IPO Overallotment Option; Completes Nexchip Stake Acquisition

Huaqin (HKG:3296, SHA:603296) said its underwriters fully exercised the overallotment option of its Hong Kong listing, and the stabilization period of its initial public offering ended on Wednesday, May 20, according to a same-day filing with the Hong Kong bourse.Hong Kong-listed shares of the smart hardware products manufacturer fell nearly 3% in Thursday morning trade.The company issued nearly 8.8 million H shares at HK$77.70 apiece for additional net proceeds of HK$679.1 million.The overallotment option was exercised after the same number of shares were over-allocated by the IPO's underwriters in the international portion of the issue.The number of shares held by the public after the exercise of the overallotment option complied with Hong Kong's listing requirements, the firm said.Meanwhile, the company completed the purchase of a further 5% stake in Nexchip Semiconductor (SHA:688249) for 2.65 billion yuan.The firm purchased nearly 100.4 million shares of Nexchip from Powerchip Innovation at 26.41 yuan each, bumping its stake to 11% from 6%.

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Asia

Huaqin to Acquire Further 5% of Nexchip Semiconductor

Huaqin (HKG:3296; SHA:603296) said it agreed to acquire a further 5% stake in Nexchip Semiconductor (SHA:688249) for 2.65 billion yuan, according to a Hong Kong bourse filing Wednesday.The firm will purchase nearly 100.4 million shares of Nexchip from Powerchip Innovation at 26.41 yuan each.The sale will reduce Powerchip's ownership in Nexchip to 8.07%.Huaqin previously acquired 6% of Nexchip's shares in July 2025. The new purchase reflects the company's "confidence in the future development prospects of Nexchip Semiconductor," the company said.

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Asia

Nexchip Semiconductor Q1 Profit Down 63%, Revenue Rises 13%

Nexchip Semiconductor (SHA:688249) posted first-quarter attributable net profit of 50.7 million yuan, down 63% from 135.5 million yuan the previous year.Earnings per share declined to 0.03 yuan from 0.07 yuan, according to a Friday filing with the Shanghai bourse.The semiconductor foundry's operating revenue rose 13% year over year to 2.91 billion yuan from 2.57 billion yuan.

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