SHA:688313

2 stories mentioning SHA:688313Updated 14m ago

Every FINWIRES story that references SHA:688313, newest first.

Henan Shijia Photons Technology Proposes Up to 2.8-Billion-Yuan Shares Placement

Henan Shijia Photons Technology (SHA:688313) proposed a private placement of up to 135.6 million shares to raise no more than 2.8 billion yuan.Proceeds will finance three chip projects and support working capital.The issuance, priced at a minimum of 80% of the 20-day average price, targets up to 35 qualified investors via competitive bidding.Completion is subject to shareholder and exchange approvals, alongside registration with China's securities regulator.Shares of the optical communication company were down 1% in recent trade.

SHA:688313

Asia49d ago

Shijia Photons Tech Scraps Plan to Acquire Fuchengxin Communication Tech

Henan Shijia Photons Technology (SHA:688313) agreed to terminate plans to acquire a stake in Dongguan Fuchengxin Communication Technology, according to a Shanghai bourse filing on Wednesday.The acquisition was initially planned to be implemented through share placement and cash.All parties related to the transaction failed to reach a consensus on key matter, including the transaction price.The Chinese optical communication company's shares dipped 9% at the close.

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