Chipmaker Hua Hong says China's state-owned fund to invest $414.2 million

Hua Hong Grace Semiconductor

28/06/2023 12:12

June 28 (Reuters) - Chinese chipmaker Hua Hong
Semiconductor  1347.HK  said on Wednesday China IC Fund II would
participate in a proposed RMB share issue as a strategic
investor by subscribing for RMB shares worth 3 billion yuan
($414.15 million), subject to allotment.

($1 = 7.2437 Chinese yuan renminbi)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.Jain@thomsonreuters.com;))