Nexchip Semiconductor chairperson proposes buyback of A and H shares
Nexchip Semiconductor's chairperson proposed repurchasing A and H shares, according to Reuters. H-share funds would be HK$300 million to HK$600 million.
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what happened
The chairperson of Nexchip Semiconductor Corp has proposed buying back both A shares and H shares, Reuters reported.
The price for A-share repurchases would not exceed 150% of the 30-day average trading price. For H shares, the company may allocate between HK$300 million and HK$600 million, while A-share buybacks would be funded with between RMB500 million and RMB800 million.
why it matters
A share buyback reduces the number of shares in circulation, which in principle supports the stock price. For the broader market the news is routine, but it may draw investor attention to Chinese chipmakers.
tags
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sources
- Nexchip Semiconductor Corp Says Chairperson Proposes Repurchase Of A Shares And H Shares — Reuters, 28 October 2026 at 01:43 UTC
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