Gigadevice Semiconductor gets CSRC nod for H-share listing plan

Gigadevice Semiconductor announced today it has received a "Notice of Filing for Offshore Issuance and Listing" from the China Securities Regulatory Commission (CSRC) for its proposed issuance of H-shares on the Hong Kong Stock Exchange. The company plans to issue no more than 51,796,900 offshore-listed ordinary shares.

This CSRC approval confirms the filing information but does not imply any judgment on investment value or guarantee the accuracy of the filing materials. Gigadevice Semiconductor must complete the offshore listing within 12 months, or update its filing materials if further delays occur. A report on the listing outcome is due within 15 working days post-completion.

The H-share offering remains subject to further approvals from the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange. The company emphasizes that the matter still carries uncertainties and will provide timely updates on its progress.