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GigaDevice Innovation announced yesterday its intentions to issue foreign shares for overseas listing and debut on the Hong Kong Stock Exchange's main board. In response to today's share price fluctuations, the company acknowledged the potential link to its capital operations related to the Hong Kong listing. A representative from the Board of Directors' Office noted that A+H dual-listed companies often exhibit a price discrepancy between their shares traded on the two exchanges, with H shares typically trading slightly lower than A shares. This phenomenon can temporarily affect investor sentiment. However, in the long term, the company's consistent performance growth remains paramount and is expected to positively influence both the issue price of Hong Kong shares and the valuation of A shares.
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