SHA:688362

2 stories mentioning SHA:688362Updated 11d ago

Every FINWIRES story that references SHA:688362, newest first.

Forehope Electronic to Invest 10.3 Billion Yuan in IC Packaging Facility

Forehope Electronic (SHA:688362) will invest 10.3 billion yuan in an integrated circuit packaging and testing project in Ningbo, Zhejiang, China, according to a Monday filing with the Shanghai bourse.The project will utilize chip packaging technologies such as BUMP, 2.5D packaging, flip chip, and wire bonding.Forehope's project is set to span 96 months or eight years and will be set up at the SIno-Italian Ningbo Eco-Park.

SHA:688362

Asia35d ago

Forehope Electronic Sets Redemption Date for Convertible Bonds

Forehope Electronic Ningbo (SHA:688362) will redeem its Forehope convertible bond on June 16 at 100.1945 yuan per bond, below the current market price of 221.27 yuan per bond.The company triggered the redemption after its stock closed at or above 130% of the conversion price for 15 of 30 trading days, according to a Friday filing with the Shanghai bourse.Bondholders must convert at 28.36 yuan per share or sell by June 10 to avoid forced redemption.Shares of the integrated circuit packaging manufacturer closed 9% lower Friday.

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