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SHA:688702

4 stories mentioning SHA:688702Updated just now

Every FINWIRES story that references SHA:688702, newest first.

Asia

Suzhou Centec Communications Plans 4.8-Billion-Yuan Private Placement

Suzhou Centec Communications (SHA:688702) plans to raise up to 4.81 billion yuan via a private A-share placement of up to 41 million shares to no more than 35 investors, according to a Wednesday filing with the Shanghai bourse.Proceeds are earmarked for next-generation high-performance switching chip research and development and industrialization, for interconnect software and hardware research, and for working capital.The shares will be priced at no less than 80% of the 20-day average price.Shares of the ethernet switch silicon vendor were down 1% in recent trade.

SHA:688702
Asia

Suzhou Centec Communications Narrows Loss in H1; Shares Rise 3%

Suzhou Centec Communications' (SHA:688702) attributable loss narrowed to 17.6 million yuan in the first half from 23.7 million yuan in the year-ago period, according to a Thursday filing with the Shanghai Stock Exchange.Loss per share at the Ethernet switching chip maker was 0.04 yuan compared with 0.06 yuan in the prior-year period.Operating revenue grew 32% year over year to 670.7 million yuan from about 508 million yuan.Company shares rose 3% during the midday break on Thursday.

SHA:688702
Asia

Centec Communications Secures Related-Party Contract Exceeding 100 Million Yuan; Shares Jump 5%

Suzhou Centec Communications (SHA:688702) has signed a sales contract with related party Shenzhen CECport Technology for the supply of Ethernet switching chips, according to a Shanghai bourse filing on Monday.The company said the contract value exceeds 100 million yuan and accounts for over 50% of the company's most recent audited annual revenue.The company's shares jumped 5% recently.

SHA:688702
Asia

Centec Raises Cap for 2026 Related-Party Transactions

Suzhou Centec Communications (SHA:688702) raised the estimated maximum amount for related-party transactions for the year by 1.60 billion yuan, according to a Shanghai bourse filing on Thursday.The amount increased to 2.20 billion yuan from 601.5 million yuan for transactions involving sales and purchases with China Electronics Corporation and its subsidiaries.The ethernet switch silicon vendor's shares jumped 9% during the morning trade.

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