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On July 16, 2026, Huaqin Technology made a public announcement stating that its wholly-owned subsidiary, Huaqin Communications, had purchased 4,409,700 H shares of Nexchip Integrated Circuits via on-market transactions on the Hong Kong Stock Exchange on that very day. The total expenditure for this acquisition amounted to roughly 139 million HKD, with the average transaction price per share hovering around 31.55 HKD.
Post-acquisition, Huaqin Technology now commands a 10.2% stake in the total issued share capital of Nexchip Integrated Circuits. This strategic move underscores Huaqin Technology's unwavering confidence in the promising future of Nexchip Integrated Circuits and is geared towards fostering deeper collaboration between the two entities along the industrial chain.
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