HK Stock Market Move | Huaqin Co., Ltd. (03296) climbs over 4% again, Chairman plans to increase company's shareholding, acquires Nexchip Semiconductor Corporation H shares to deepen industrial strategic investment layout.

Huaqin Co., Ltd. (03296) rose by over 4%, as of the time of publication, it rose by 3.5% to HKD 63.65, with a turnover of HKD 10.2138 million. On the news front, Huaqin Co., Ltd. announced that based on confidence in the stable development of the company in the future and recognition of the long-term investment value of the company, Mr. Qiu Wensheng, the chairman, general manager, and executive director of the company, intends to increase his direct holdings in the H shares of the company within six months from July 21, 2026 (including that day), with a total amount of increase of 10 million yuan. Recently, Huaqin Co., Ltd. announced that its wholly-owned subsidiary, Huaqin Communications, through on-exchange transactions on the HKEx on July 20, 2026, acquired a total of 3.1159 million shares of H shares of Nexchip Semiconductor Corporation (accounting for approximately 0.14% of the total issued share capital of Nexchip Semiconductor Corporation as of the date of this announcement), with a total consideration of approximately HKD 93.221 million (excluding transaction costs). The announcement stated that the acquisition demonstrates the Group's continued confidence in the future development prospects of Nexchip Semiconductor Corporation and recognition of its long-term investment value. Through the acquisition and the Group's commitment to long-term holding of Nexchip Semiconductor Corporation equity, the Group plans to deepen the integration of resources in the upstream and downstream of the industrial chain and synergies, and take this opportunity to make key strategic investment layout.