6908.HK

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

Retrieved on: 
星期二, 十二月 13, 2022

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.

HG Semiconductor Officially Commences Production of GaN Power Electronics Epitaxial Wafer

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星期三, 十一月 2, 2022

HONG KONG, Nov 2, 2022 - (ACN Newswire) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce that the Group has recently started manufacturing its own 6-inch gallium nitride ("GaN") power electronics epitaxial wafer (the "Wafer").

Key Points: 
  • HONG KONG, Nov 2, 2022 - (ACN Newswire) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group"; stock code: 6908.HK) is pleased to announce that the Group has recently started manufacturing its own 6-inch gallium nitride ("GaN") power electronics epitaxial wafer (the "Wafer").
  • Leveraging its professional expertise, strong scientific team and research and development ("R&D") capabilities in third-generation semiconductor GaN manufacturing, HG Semiconductor has been on its path of strategic transformation in recent years.
  • The successful manufacturing of the Wafer represents a giant leap to HG Semiconductor in reaching its ultimate goal of mass chip production.
  • The rapid growth and robust market demand has led to further speed up the production of domestic epitaxial wafer production facilities, resulting in an optimistic expectation of a continued massive boom in the entire semiconductor epitaxial wafer industry.

HG Semiconductor and GCL Technology Founder Mr. Zhu Gongshan Officially Entered into Shares Subscription and Warrants Subscription Agreement, Mr. Zhu Gongshan has Become Major Strategic Shareholder of the Group

Retrieved on: 
星期五, 九月 30, 2022

Pursuant to the Investment Agreement, the Group has agreed to 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 issue, and Mr. Zhu has agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription").
  • Upon completion of the Shares and Warrants Subscription, Mr. Zhu will become the major strategic shareholder of the Group.
  • Pursuant to the Share Subscription Agreement, the 60 million subscription shares represent approximately 10.47% of the existing issued share capital of the Group.
  • After deduction of relevant costs and expenses, the net proceeds from the Shares Subscription are estimated to be approximately HK$180 million.