
The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share.
AI-generated summary
The company filed a prospectus detailing share offerings and cornerstone investor commitments.
The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday.
A total of 20 cornerstone investors have agreed to buy US$680 million worth of the shares. They include JPMorgan Chase & Co.’s asset management arm, Alibaba Group Holding, Jane Street Capital, Montage Technology, Yonglian Investment, LMR and Foresight Funds.

The listed company Baoshuo Financial Technology is suspected of subcontracting the completed solar power plant project to the parent company through a false contract through its subsidiary company Changyang Energy, falsely increasing the turnover by 50 million yuan, and part of the money is suspected to have flowed into the account of the former general manager surnamed Lin. The Taipei Prosecutor's Office today directed searches at 10 locations and interviewed 10 people.

The land development project of Jinghua Plaza developed by Sinopec's Dingyue Development has been delayed for some reason. General Manager Chen Yingjun announced that the joint loan contract has been extended by all banks for one year. It is expected to repay a total of 1 billion yuan in installments in 2027, and plans to dispose of the southern real estate to improve finances.

A ground-breaking ceremony was held on the 20th for the Taoyuan Aviation City Priority Industrial Zone I Base. It is developed by CITIC Rongsheng Company with a total investment of more than 50 billion yuan. It plans to introduce facilities such as logistics, shopping malls, hotels and multi-functional sports venues, and is expected to create about 19,000 job opportunities.

Wang Weiming, chief engineer of China's Ministry of Industry and Information Technology, said on the 20th that the added value of large-scale industries in the first three quarters of this year increased by 5.3% year-on-year. High-tech manufacturing and equipment manufacturing maintained rapid growth, and the cultivation of new-quality productivity was accelerated.

CF40 released an annual report at the 2026 Bund Annual Meeting, predicting that AI investment will drive manufacturing investment, pointing out that Chinese companies will shift from commodity exports to overseas investment and localized production, and will promote changes in the foundation of RMB internationalization.

TSMC and Huida have been included in the top 10 semiconductor stocks worth buying in the next 10 years. Foreign media analysis pointed out that although both companies benefit from the demand for AI, TSMC is better at foundrying diversified customers, while Huida is stronger at integrating software and hardware platforms. Investors need to weigh valuation, technology and geopolitical risks.