On December 1, HKG Semiconductor (06908.HK) disclosed its plan to acquire roughly 12.98% of the equity in its subsidiary, Shenzhen Jia Hong, at a cost of approximately HK$114 million. This acquisition entails payments of HK$73.388 million to Seller A and HK$40.816 million to Seller B. Upon completion of the transaction, the group's cumulative equity stake in Shenzhen Jia Hong will rise to approximately 73.28%, thereby further solidifying its strategic positioning (Here, "business layout" is retained but the sentence is refined for better flow) in third-generation semiconductor sectors, particularly in GaN power chips.
