Hong Kong Stock Exchange:6908

Issuance of Shares and Unlisted Warrants to GCL Technology Chairman Zhu Gongshan was Formally Approved at HG Semiconductor's Extraordinary General Meeting

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星期二, 十二月 13, 2022
IDM, International investment agreement, National Congress of the Chinese Communist Party, Gallium nitride, National Congress, Science, HG, Warrant, Concord Group, Semiconductor, HK, Research, Communist party, CPC, Silicon, Security (finance), Mobile phone, Video game console

Pursuant to the Investment Agreement, the Group has agreed to allot and issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription").

Key Points: 
  • Pursuant to the Investment Agreement, the Group has agreed to allot and issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription").
  • The subscription shares and warrant shares shall be subject to a lock-up period of 18 months commencing on the date of issuance during which cannot be sold or transferred.
  • The subscription is a testament to Mr. Zhu's confidence in the prospects of HG Semiconductor.
  • The management of HG Semiconductor is honored to introduce Mr. Zhu Gongshan as a major strategic shareholder of the Group.