3 stories mentioning SHA:688596Updated 13d ago
Every FINWIRES story that references SHA:688596, newest first.
Shanghai GenTech (SHA:688596) plans to redeem and delist the GenTech Convertible Bonds on Aug. 7, according to a Tuesday disclosure on the Shanghai bourse.The bonds will be redeemed at (Yen)100.16 each by Aug. 13, with a coupon rate of 0.40% for the current interest period.The Chinese critical systems and equipment provider's shares jumped 10% at the close.
Shanghai GenTech (SHA:688596) said shareholder Fengfan Holdings, plans to sell up to 2.8 million shares, or 0.952% of total equity, to fund its own capital needs.The reduction, via block trades or centralized bidding, will be conducted over three months starting July 30.Fengfan holds 17.27% of the industrial gas company.Shares of Shanghai GenTech closed 6% lower Thursday.
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.
