Hua Hong Semiconductor Wins Nod for $2.6 Billion China Share Sale

00:00

00:00/00:00

Listen to this article 1x

Shanghai-based Hua Hong manufactures semiconductors on 200mm wafers for specialty applications and provides products for sectors including consumer electronics, communications and computing

(Bloomberg) — Hua Hong Semiconductor Ltd. got a green light for its 18 billion yuan ($2.6 billion) secondary listing on Shanghai’s STAR Market, potentially the biggest share sale in China this year.

The Shanghai Stock Exchange approved the share sale plans Wednesday for the Hong Kong-traded enterprise, according to the bourse’s website. The company will still have to register its plans with regulators and hasn’t set any timeline or provided other details of the potential offering.