HK-listed Hua Hong Semiconductor jumps on Shanghai listing plan

Hua Hong Grace Semiconductor

21/03/2022 07:44

** Shares of semiconductor wafers producer Hua Hong
Semiconductor Ltd  1347.HK  jump as much as 9.9% to HK$36.50,
their highest since March 7
    ** Co says it is planning an A-share listing on the Shanghai
Star market, offering shares of up to 25% of the enlarged share
capital  urn:newsml:reuters.com:*:nFWN2VM00U
    ** Says the proposed share issue shall be subject to
regulatory approvals
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.7% and the Hang Seng Composite Index tracking industrials
 .HSCIIG  slides 1.4%
    ** The Hang Seng China Enterprises Index  .HSCE  drops 2.1%,
and the benchmark Hang Seng Index  .HSI  slips 1.3%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))