Shanghai Biren Technology hits 7-week low on discounted share sale

Shanghai Biren Technology

06/07/2026 06:13

** Shares of Shanghai Biren Technology 6082.HK slide 9.9% to HK$46.24, their lowest point since May 19
** China-based general-purpose graphics processing unit (GPGPU) chip producer plans sale of 153 mln new shares in share placement, raising HK$7.07 bln ($901.45 mln) to accelerate products commercialization, for R&D and acquisitions
** The new shares are offered at HK$46.20 each, representing a 9.9% discount to Friday's close of HK$51.30
** Since debut in Hong Kong on January 2, stock up 156.1%  from the offer price of HK$19.60 apiece 
** YTD, benchmark Hang Seng Index .HSI down 8.1%




($1 = 7.8429 Hong Kong dollars)

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