Chinese chipmaker Hua Hong seeks up to Rs 2.95 billion in mainland listing – The Economic Times

Chinese chipmaker Hua Hong Semiconductor said on Sunday it aims to raise up to 21.2 billion yuan (Rs2.95 billion)in a listing on the Shanghai stock exchange. The country’s second-largest chip foundry will sell 407.75 million shares priced at 52 yuan per share, it said in a statement to the exchange.