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SHE:001399

6 stories mentioning SHE:001399Updated 5d ago

Every FINWIRES story that references SHE:001399, newest first.

Asia

HKC Completes Registration of 4 Billion Yuan Subsidiary

HKC (SHE:001399) completed the registration of a new subsidiary, with a registered capital of 4 billion yuan, according to a Monday disclosure on the Shenzhen bourse.The company received the business license of the subsidiary, Zhejiang Huixin Advanced Semiconductor, from the Market Supervision Administration of Keqiao District, Shaoxing City, China.Huixin Advanced Semiconductor is allowed to manufacture and sell semiconductor devices, integrated circuit chips and specialized electronic materials, as well as optoelectronic devices.The Chinese semiconductor display company's shares rose 4% at the close.

SHE:001399
Asia

HKC Invests 4 Billion Yuan in Advanced Chip Packaging in Zhejiang; Shares Jump 10%

HKC (SHE:001399) will invest 4 billion yuan to establish a wholly-owned subsidiary, Zhejiang Huixin Advanced Semiconductor, for advanced semiconductor packaging and testing in Zhejiang, China.The project will be built in two phases, with the initial phase targeting 12-inch hybrid chip packaging capacity of 20 million units per month within three years, according to a weekend filing with the Shenzhen bourse.The second phase will be initiated based on the implementation of the initial phase.Shares of the semiconductor display company rose 10% in recent trade.

SHE:001399
Asia

HKC Discloses Subsidiary Plans Amid 20% Stock Price Drop

HKC (SHE:001399) disclosed that it is planning to establish a wholly-owned subsidiary, according to a Thursday filing with the Shenzhen Stock Exchange, addressing recent abnormal stock fluctuations.The semiconductor display company's closing price deviated by more than 20% across two straight trading sessions on July 14 and 15.In its response to the price movement, HKC said its business operations remain normal and that the planned subsidiary is not expected to constitute a related-party transaction or a major asset restructuring.The company's shares dropped 2% recently, poised to hit a new all-time low.

SHE:001399
Asia

HKC Raises Nearly 7.4 Billion Yuan in Shenzhen IPO

HKC (SHE:001399) priced its Shenzhen initial public offering at 10.12 yuan per share, raising 7.39 billion yuan through the issuance of 729.8 million shares, according to a Tuesday bourse filing.The display panel manufacturer allocated 364.9 million shares, or 50% of the offering, to strategic investors, including Hisense Visual Technology, China Mobile Investment, Sinopec Capital, and Xinhua Life Insurance.The online offering was 2,313.88 times subscribed before a clawback mechanism was triggered, resulting in 146 million shares being reallocated from the offline tranche to the online tranche.Following the reallocation, the final offline offering totaled 109.5 million shares, while the final online offering amounted to 364.9 million shares.

SHE:001399
Asia

HKC Prices Shenzhen IPO at 10.12 Yuan to Raise 7.39 Billion Yuan

HKC (SHE:001399) priced its initial public offering of 729.8 million shares on the Shenzhen bourse at 10.12 yuan apiece to raise 7.39 billion yuan, according to a notice on the bourse.Proceeds will fund initiatives to accelerate new technology development and expand production capacity in next-generation display technologies as well as boost capital and repay loans.Offline subscription payment and online subscription are scheduled on Friday.The technology company specializes in semiconductor displays.

SHE:001399
Asia

HKC Files for Shenzhen IPO

HKC (SHE:001399) filed for the initial public offering of 729.8 million shares on the main board of the Shenzhen Stock Exchange.Proceeds will fund initiatives to accelerate new technology development and expand production capacity in next-generation display technologies as well as boost capital and repay loans, according to a Thursday prospectus on the Shenzhen bourse.The expected offering date is on June 12.The technology company specializes in semiconductor displays.

SHE:001399

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