HG Semiconductor Plans Rights Issue to Raise Capital

HG Semiconductor Limited (HK:6908) has released an update.

HG Semiconductor Limited is set to launch a rights issue, offering one rights share for every four shares held, at HK$0.48 per share, aiming to raise up to HK$91.3 million. The proceeds are intended for specific ventures, with the rights issue proceeding on a non-underwritten basis. Investors can expect the arrangement to cater to both subscribed and unsubscribed shares, maintaining compliance with listing rules.

For further insights into HK:6908 stock, check out TipRanks’ Stock Analysis page.