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The share price of Changguang Chenxin rose. The company, a global leader in CMOS technology, recently reached a cooperation agreement with Leica.
Changguang Chenxin (03277) surged over 9% in the morning session. As of the time of writing, it was up 7.4%, trading at HKD 78.4, with a turnover of HKD 128 million.
CGST LongGaN Technology (03277.HK): Conclusion of Price Stabilization Actions and Period
Gelonghui, May 14th丨Changguang Chenxin (03277.HK) announced that the stabilization period for the global offering ended on May 14, 2026 (Thursday) (i.e., the 30th day after the deadline for submission of applications for the Hong Kong public offering). The stabilization actions taken by the stabilizing agent, CLSA Limited, or any person acting on its behalf during the stabilization period included: an over-allotment of 9,794,100 offer shares in the international offering, representing approximately 15.0% of the total number of offer shares available under the global offering (prior to the exercise of any over-allotment option); and the overall coordinator (acting on its own behalf...
Changguang Chenxin (03277) issued 9.7941 million H shares due to the full exercise of the over-allotment option.
CGC Technology (03277) announced that on May 13, 2026, it issued and allotted 9.7941 million H shares due to the full exercise of the over-allotment option.
Morgan Stanley 2026 Semiconductor Report: Buy Packaging, Buy Testing, Buy Chinese Chips, Avoid Traditional Tracks
Source: Morgan Stanley Greater China Semiconductors Research Report Date: May 8, 2026 I. Core Contradiction Global AI capital expenditure is expanding beyond expectations, but computing power supply is evolving from "NVIDIA monopolizing everything" to a three-track parallel model of "GPU + ASIC + locally-produced Chinese chips." The core issue is no longer whether demand is sufficient, but who can capture market share in this expansion phase and how quickly non-AI semiconductors will be marginalized during this process. II. Core Conclusions (By Trading
Changguang Chenxin (03277.HK) has fully exercised the over-allotment option.
Gelonghui, May 8 ─ Changguang Chenxin (03277.HK) announced that the overall coordinator (for itself and on behalf of the international underwriters) fully exercised the over-allotment option described in the prospectus on May 8, 2026. This involved a total of 9,794,100 H shares, representing approximately 15.0% of the total number of offer shares available for subscription under the global offering (prior to the exercise of the over-allotment option). The H shares to be issued due to the exercise of the over-allotment option (the "Over-Allotment Shares") will be issued by the company at a price of HKD 39.88 per H share (i.e., the issue price per H share under the global offering, excluding a 1% brokerage commission).
The large fund's favor towards DeepSeek sends three important signals.
Recently, media reports indicated that the National Integrated Circuit Industry Investment Fund (hereinafter referred to as the "National Big Fund") is in talks with DeepSeek to lead its first round of financing. Potential investors also include several internet giants, with DeepSeek’s final valuation expected to reach approximately $45 billion. Behind this notable industrial financing lie three important signals. The first signal is that state capital is shifting from addressing hardware weaknesses to fostering an ecosystem that integrates software and hardware. Over the past few years, the National Big Fund primarily invested in semiconductor manufacturing, equipment, and materials sectors, focusing on critical areas such as lithography machines to strengthen the foundation of China's semiconductor industry.