
HG SEMI showed a decent bullish wave in recent months but failed to hold the momentum at the top. Following the Pump and Dump scheme, the stock dipped down and reached its lowest level in a month. The upcoming right issue and institutions' involvement could work as a crucial price-driving factor for this stock.
HG SEMI Management Outlook
According to a submission with the Hong Kong Exchange, HG Semiconductor awarded the chosen participants 99% partnership stakes in the Employee Participation Platform on June 30.
According to the filing, the given interests represent all incentive interests according to the worker's share incentive plan.
On December 29, 2023, the company implemented an employee share incentive program. The chosen participants were allowed to informally contribute to Jiangsu Jiahong Semiconductor, a business subsidiary, and receive a portion of the company's profits via the employee holdings platform.