Skyworth Multimedia: Set to Issue Shares for Acquisition of 78% Stake in Hongjing Microelectronics, Trading to Resume Tomorrow - Chip

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Skyworth Multimedia: Set to Issue Shares for Acquisition of 78% Stake in Hongjing Microelectronics, Trading to Resume Tomorrow

2025-01-13

Skyworth Multimedia intends to issue shares in order to acquire a 78% stake in Hongjing Microelectronics and secure additional funding. The company's shares have been temporarily halted since December 30, 2024, with an anticipated suspension period not exceeding 10 trading days. On January 13, 2025, the company's board of directors endorsed the pertinent proposal, and trading in the shares is scheduled to resume the following day.

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