HG Semiconductor Completes Successful Rights Issue

An update from HG Semiconductor Limited ( (HK:6908) ) is now available.

HG Semiconductor Limited announced the successful completion of its Rights Issue, offering one Rights Share for every four held, resulting in 100% subscription of the offered shares. The issue raised approximately HK$90.1 million in gross proceeds, providing net proceeds of HK$87.8 million, intended for uses outlined in their prospectus. No significant changes to the company’s shareholding structure will affect public float requirements or trigger obligations under the Takeovers Code.

More about HG Semiconductor Limited

HG Semiconductor Limited, incorporated in the Cayman Islands, operates in the semiconductor industry. The company is listed on the Hong Kong Stock Exchange and focuses on the production and distribution of semiconductor products.

YTD Price Performance: -2.99%

Average Trading Volume: 7,490,233

Technical Sentiment Consensus Rating: Hold

Current Market Cap: HK$610.2M

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