Summary by Moomoo AI
Hua Hong Semiconductor Co., Ltd. announced that a portion of its first public offering of strategically allocated restricted shares will be listed and traded on the STAR Market of the Shanghai Stock Exchange on August 7, 2024. These restricted shares total 187,565,000 shares, accounting for 10.92% of the company's total share capital, held by 28 shareholders, with a lock-up period of 12 months. The listed and traded restricted shares are arranged as the company's first public offering of Renminbi ordinary shares (A shares) to the public, based on the approval of the China Securities Regulatory Commission on June 6, 2023, and the approval of the Shanghai Stock Exchange. The joint sponsors, GTJA Securities Co., Ltd. and Haitong Securities Co., Ltd. have conducted careful verification of the listing and trading of the restricted shares and confirmed that all shareholders have strictly fulfilled their share lock-up commitments and meet the requirements of relevant laws and regulations.
