Huaqin Technology Subsidiary Spends HK$65.77 Million to Buy 2 Million H-Shares of Nexchip

Corporate Action
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Summary · why it matters

Huaqin Technology's wholly owned subsidiary Huaqin Communications acquired a total of 2 million H-shares of Nexchip through the Hong Kong Stock Exchange, representing approximately 0.09% of Nexchip's total issued share capital, for a total consideration of HK$65.77 million, or about HK$32.95 per share. After the acquisition, Huaqin Technology's shareholding in Nexchip increased to approximately 10.91%. In the first quarter of 2026, Huaqin Technology achieved revenue of 40.746 billion yuan and net profit attributable to the parent company of 1.061 billion yuan.

Impact on stocks 3

Others · 3 stocks
HUAQIN TECHNOLOGY LTD A
603296
▲ PositiveCapitalrelevance

Huaqin Technology's subsidiary spent HK$65.77 million to buy Nexchip H-shares, increasing its stake to 10.91%, and the company reported strong Q1 2026 revenue and profit.

Nexchip Semiconductor Corp. A
688249
▲ PositiveCapitalrelevance

Nexchip's H-shares were acquired by Huaqin Technology at HK$32.95 per share, indicating confidence and providing a price benchmark.