ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
May 19, 2022 18:16 JST
Source:
HG Semiconductor Limited
HG Semiconductor Introduces New Strategic Investor
Further Enhancing Shareholding Structure and Financial Position
Set to Scale New Heights in Third-generation Semiconductor Business
HONG KONG, May 19, 2022 - (ACN Newswire) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce the introduction of a new strategic investor, Wide Yield Investment Holding Limited ("Wide Yield Investment"), which supports the vision and expansion of the Group to building a world-class third-generation semiconductor industry chain platform.
Star Eagle Enterprises Limited disposed of 100,500,000 Shares (representing approximately 17.83% of the total issued shares of the Group) to Wide Yield Investment at the total consideration of HK$302,103,000. Upon completion, Wide Yield Investment and its ultimate beneficial owner has become a substantial shareholder of the Group.
The management of the Group is delighted to introduce Wide Yield Investment into HG Semiconductor as one of its major shareholders. The investment is a testament to the confidence of Wide Yield Investment in the Group's business strategies and prospects. Through strategic investor introduction, HG Semiconductor believes that its shareholding structure and financial position will be further strengthened, giving it a full play to develop and deepen its presence in gallium nitride (GaN) semiconductor sector. The Group will continue to build on its existing strengths, accelerating growth in its GaN semiconductor business, striving to generate continuous and stable returns for its shareholders in the long run.
About HG Semiconductor Limited
HG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads, new generation of semiconductor gallium nitride ("GaN") chips, GaN components and related application products, as well as fast charging products. Leveraging its industry expertise in LED manufacturing, the Group is dedicated to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.
For more details, please visit www.hg-semiconductor.com
Source: HG Semiconductor Limited
Sectors: Electronics
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
DENSO Acquires Axia Vegetable Seeds to Realize Sustainable Agriculture
Jul 04, 2025 16:20 JST
MHIET Launches 450kW Gas Cogeneration System Capable of Hydrogen Co-Firing
Jul 04, 2025 15:13 JST
Yachiyo Engineering and NEC launch adaptation finance study in Indonesia to calculate the adaptation value of disaster prevention measures
Jul 04, 2025 13:25 JST
Fujitsu to implement store monitoring solution for METRO Inc. in Canada, enhancing operational efficiency and policy compliance
Jul 04, 2025 13:19 JST
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
Jul 03, 2025 11:14 JST
Mitsubishi Motors Launches the All-New Grandis for the European Market
Jul 02, 2025 12:10 JST
Valuufy partners with Mainichi Future Creation Lab, Supporting New Approaches to Business Sustainability
Jul 02, 2025 12:00 JST
Fujitsu launches solution to enhance customers' global supply chain resilience
Jul 02, 2025 11:32 JST
MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
Jul 02, 2025 11:30 JST
Multi-purpose Arena in Odaiba Aomi Area TOYOTA ARENA TOKYO Construction Completed
Jul 01, 2025 22:56 JST
1Finity, a Fujitsu company, commences operations and reveals brand identity
Jul 01, 2025 22:53 JST
MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
Jul 01, 2025 22:40 JST
Japan's Telecommunications Carriers Strengthen Disaster Response Through Collaborative Information Sharing
Jul 01, 2025 22:30 JST
JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST
Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST
JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST
First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST
More Latest Release >>
Related Release
HG Semiconductor Announces 2022 Annual Results
April 03 2023 09:41 JST
HG Semiconductor Announces Key Management Appointments
February 07 2023 09:26 JST
Issuance of Shares and Unlisted Warrants to GCL Technology Chairman Zhu Gongshan was Formally Approved at HG Semiconductor's Extraordinary General Meeting
December 13 2022 22:30 JST
HG Semiconductor Officially Commences Production of GaN Power Electronics Epitaxial Wafer
November 02 2022 09:00 JST
HG Semiconductor and GCL Technology Founder Mr Zhu Gongshan Officially Enters Shares Subscription and Warrants Subscription Agreements
September 30 2022 18:00 JST
HG Semiconductor Enters into Strategic Cooperation Framework Agreement with the Family Trust of GCL Technology Founder Mr. Zhu Gongshan
September 08 2022 11:00 JST
HG Semiconductor Announces 2022 Interim Results
August 30 2022 23:20 JST
HG Semiconductor Places 30 Million New Shares and Announces Subscription of 60 Million Shares and 60 Million Warrants by Founder of GCL Technology Mr. Zhu Gongshan
August 08 2022 08:30 JST
HG Semiconductor Announced Lock-up Undertakings by Shareholders
June 07 2022 17:23 JST
HG Semiconductor Enters into Cooperation Framework Agreement with China Titans Energy
June 02 2022 17:12 JST
More Press release >>