10 stories mentioning SHE:301308Updated 1h ago
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Shenzhen Longsys Electronics' (HKG:9976, SHE:301308) shares opened flat in their Hong Kong debut on Tuesday morning, trading in line with the offer price.The semiconductor company opened at HK$236.00 per share, unchanged from the offer price.
Shenzhen Longsys Electronics (HKG:9976, SHE:301308) will receive HK$6.8 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.The semiconductor company issued nearly 30 million H-shares at HK$236 apiece, lower than its guidance of as high as HK$240.60 each, according to a late Monday disclosure.The offer size adjustment option was fully exercised, resulting in the issuance of an additional 3.9 million shares under the deal's international offering portion.The Hong Kong public offering was 40.32 times subscribed, with 2.6 million shares allocated, while the international offering was 3.88 times subscribed, with roughly 27.4 million shares allocated.Cornerstone investors, which included Lenovo Group (HKG:0992) and Ingenic Semiconductor (SHE:300223, HKG:3223), subscribed for $151.1 million worth of IPO shares. They were allotted 5.02 million shares.Longsys Electronics is set to debut on the Hong Kong bourse on Tuesday, Sept. 8.
Shenzhen Longsys Electronics (HKG:9976, SHE:301308) priced its Hong Kong shares at HK$236 apiece, below the top of the marketed range, Bloomberg News reported Thursday, citing people familiar with the matter.The memory chipmaker's Hong Kong offering was priced HK$4.60 below the maximum indicated price of HK$240.60, according to the report.Longsys Electronics did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Shenzhen Longsys Electronics (HKG:9976, SHE:301308) launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$6.3 billion.The semiconductor company is offering 26.1 million H shares at a maximum price of HK$240.60 each, according to a bourse filing.The IPO comprises 2.6 million shares for Hong Kong investors and 23.5 million shares for international investors, subject to reallocation, adjustments, and over-allotment options.The final offer price is expected to be determined by Sept. 4, with allocation results due by Sept. 7, ahead of the company's planned trading debut on Sept. 8.Net proceeds will be used mainly to enhance R&D and innovation capabilities in chip design and advanced memory products.The company also plans to pursue strategic investments and acquisitions, with the remaining proceeds allocated to working capital and general corporate purposes.The offering has 15 cornerstone investors, including Lenovo (HKG:0992), Lens Technology (SHE:300433, HKG:6613), and Ingenic Semiconductor (SHE:300223, HKG:3223).Together, they subscribed for $151.1 million worth of IPO shares.CITIC Securities (Hong Kong) and Citigroup Global Markets Asia are acting as the joint sponsors. CLSA and Citigroup Global Markets Asia are the sponsor-overall coordinators.CLSA, Citigroup Global Markets Asia and China Securities (International) Corporate Finance are serving as overall coordinators, while CLSA, Citigroup Global Markets Asia, China Securities (International) Corporate Finance and ABCI Capital are the joint global coordinators.
Shenzhen Longsys Electronics (SHE:301308) added a budget of 400 million yuan in related-party raw material purchases from Shenzhen CECport Technologies (SHE:001287) for 2026, according to a Wednesday filing with the Shenzhen bourse.The additional amount raises the cap for daily related-party transactions with Shenzhen CECport Technologies (SHE:001287) to up to 1.25 billion yuan from 850 million yuan.
Shenzhen Longsys Electronics (SHE:301308) passed its listing hearing with the Hong Kong bourse, paving the way for its proposed secondary offering in the city to proceed, according to a Monday after-hours filing with the Shenzhen Stock Exchange.The semiconductor memory product company plans to use proceeds from the offering to enhance its research and development capabilities, grow its packaging and testing facility in Brazil, boost sales and marketing, fund strategic investments, and for working capital, according to its post-hearing information pack.
Shenzhen Longsys Electronics (SHE:301308) subsidiary Tibet Yuanshi Venture Capital Management will invest 80 million yuan as a limited partner to establish a venture capital partnership, according to an after-hours filng on Tuesday with the Shenzhen bourse.The investment is equivalent to 21.56% of the 371 million-yuan partnership and will help deepen its foundation in the upstream and downstream semiconductor sectors, the filing said.Shares slid 7% during the midday break on Wednesday.
Shenzhen Longsys Electronics' (SHE:301308) intercompany transactions and related-party capital balances reached 22.4 billion yuan as of the first half, according to a Tuesday filing with the Shenzhen bourse.Capital balance at the beginning of the first half was 10.8 billion yuan, while new intercompany capital movements amounted to 18.8 billion yuan.Settled payments totaled 7.22 billion yuan in the first half.Shares rose 5% during the midday break on Tuesday.
Shenzhen Longsys Electronics' (SHE:301308) attributable profit surged 71,529%, or 716 times, to 10.6 billion yuan in the first half from 14.8 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen Stock Exchange.Earnings per share at the digital storage product manufacturer soared to 24.97 yuan from 0.04 yuan in the prior-year period.Operating revenue grew 136% year over year to 24.1 billion yuan from 10.2 billion yuan.Shares jumped 5% during morning trading on Tuesday.
Shenzhen Longsys Electronics' (SHE:301308) chairman and general manager, Cai Huabo, proposed to repurchase shares worth between 400 million yuan and 800 million yuan, according to a Shenzhen bourse filing on Thursday.The digital storage product manufacturer's shares fell 2% during Friday's morning trade.The share buyback will be implemented within 12 months after the board of directors' approval.
