FIBOCOM (00638) Shareholders Transfer Stocks from HSBC to CITIC Securities, Totaling HKD 229 Million

Stock News

Oct 27

According to the latest data from the Hong Kong Stock Exchange, on October 24, shareholders of FIBOCOM (00638) transferred their shares from HSBC Holdings to CITIC Securities, with a total value of HKD 229 million, representing 9.62% of the shares. According to Frost & Sullivan, FIBOCOM is the second-largest wireless communication module provider globally, with a market share of 15.4% in terms of revenue generated from ongoing operations in 2024. FIBOCOM leads the market share in various downstream applications within the global wireless communication module market. For instance, in the smart home and consumer electronics sectors (such as tablets and laptops), the company holds the top global market share, particularly in consumer electronics, where the share reaches as high as 75.9%. In the automotive electronics sector, FIBOCOM ranks second globally, driven by the burgeoning demand for high-reliability modules in the new energy vehicle market.

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According to Frost & Sullivan, FIBOCOM is the second-largest wireless communication module provider globally, with a market share of 15.4% in terms of revenue generated from ongoing operations in 2024. FIBOCOM leads the market share in various downstream applications within the global wireless communication module market. For instance, in the smart home and consumer electronics sectors (such as tablets and laptops), the company holds the top global market share, particularly in consumer electronics, where the share reaches as high as 75.9%. 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