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Zhongwei Semiconductor plans to list on the Hong Kong Stock Exchange, the company responds.
Jin10 reported on July 23 that the staff of the Micro Semiconductor Securities Department stated that listing on the H-share market is beneficial for the company to expand its overseas market. "Only by 'going out' can we be seen by the outside world, which is advantageous for business development." In addition, the funds raised through the H-share listing will also support the company's subsequent research and development as well as operations, which has positive significance for the company's long-term development.