Brief: Hua Hong Semiconductor Says It Proposes Issue Of RMB Shares And Their Listing On STAR Market

Hua Hong Grace Semiconductor

21/03/2022 06:02

March 21 (Reuters) - Hua Hong Semiconductor Ltd  1347.HK :
    * BOARD APPROVED PRELIMINARY PROPOSAL FOR POSSIBLE ISSUE OF
RMB
SHARES AND LISTING OF SUCH RMB SHARES ON STAR MARKET
    * RMB SHARES TO BE ISSUED UNDER PROPOSED RMB SHARE ISSUE
SHALL NOT
EXCEED 25% OF CO'S ISSUED SHARE CAPITAL
    * PROCEEDS OF ISSUE INTENDED TO BE USED FOR BUSINESS
DEVELOPMENT
OF PRINCIPAL BUSINESS, GENERAL WORKING CAPITAL

Source text for Eikon:  ID:nHKS4Rj6nH 
Further company coverage:  1347.HK 

 ((Reuters.Briefs@thomsonreuters.com;))