Shannon Semiconductor Technology Invests in AI Computing Company with Related Parties; Shares Up 5%

MT Newswires Live

Aug 28

Shannon Semiconductor Technology (SHE:300475) announced its acquisition of a 3% stake in Haiwei Zhisuan Jiangsu Technology for 150,000 yuan and will assume 2.9 million yuan in unpaid capital contribution obligations.

The move is part of a broader transaction where multiple investors will collectively acquire 29% of the artificial intelligence computing company from existing shareholder Su Xin, according to a Friday filing with the Shenzhen bourse.

Shannon Semiconductor produces washing machine gear clutches. Its shares rose 5% in recent trade.

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Its shares rose 5% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHAT","symbol_name":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2662149051","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2662149051","pubTimestamp":1787898434,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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