SJ Semiconductor to Inject $570 Million in Hong Kong Subsidiary

MT Newswires Live

06/29

SJ Semiconductor (SHA:688820) plans to inject $570 million into its wholly-owned subsidiary, Shenghejing Microelectronics Hong Kong, according to a Shanghai Stock Exchange filing over the weekend.

The company's shares fell nearly 2% in recent trade on Monday.

The semiconductor packaging and wafer-level testing company will use proceeds from its public offering to replace self-raised corporate funds that were previously advanced to the Hong Kong entity for designated investment projects. SJ Semiconductor remains the sole shareholder of the subsidiary.

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SJ Semiconductor remains the sole shareholder of the subsidiary.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2647342770","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647342770","pubTimestamp":1782700131,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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