Summary by Moomoo AI
HUA HONG SEMICONDUCTOR CO., LTD. ANNOUNCED ON 4 DECEMBER 2024 THAT THE SHAREHOLDER, XIN XIN (HONG KONG) INVESTMENT CO., LIMITED, REDUCED THE COMPANY'S H SHARES BY WAY OF THE JOINT BID OF THE HONG KONG STOCK EXCHANGE BY 17,726,031 SHARES FROM 30 SEPTEMBER TO 2 DECEMBER 2024. Following this decline, Xinxin Hong Kong held 142,501,894 shares of Huahong Semiconductor H Shares, which decreased from 9.33% to 8.29%.This change in equity does not affect the proposed acquisition and will not result in a change in the Company's controlling shareholders and effective controllers. The announcement underlines that Xinxin Hong Kong's downsizing behavior does not involve the disclosure of the change in interest statement of the information disclosure obligation, and the Company will fulfill its disclosure obligations in...Show More