Changes in Hong Kong stocks | Jinghe Integrated (02249) rose nearly 4% and recently plans to increase capital to Anhui Ruijing Semiconductor with all shares of Hefei Realtek Technology

The Zhitong Finance App learned that Crystal Integration (02249) rose by nearly 4%. As of press release, it had risen 3.55% to HK$28.64, with a turnover of HK$15.6975 million.

According to the news, recently, Crystal Integration announced that the Company has entered into a capital increase and shareholder agreement with the target company Anhui Ruijing Semiconductor, existing shareholders and other capital increase parties. The details are that the Company plans to invest RMB 240,916,988.78 with 100% of its shares in Hefei Realtek Technology to subscribe the target company to increase the registered capital of RMB 240,916,988.78; and other capital increase parties will use a total of RMB 170,000,000 in cash to subscribe for the target company's additional registered capital of RMB 170,000,000.

This capital increase will help the company further focus on its main business and optimize the industrial layout, and integrate assets related to power device wafer back-thinning and metallization foundry business (BGBM business) into the target company to meet the target company's production line construction needs and improve the company's asset operation efficiency. At the same time, by holding shares in the target company, the company can leverage its resources and industrial advantages with other shareholders of the target company, accelerate the business development of the target company, and share the potential return on investment brought about by its future development.