HC Semitek Suspends Trade Ahead of Large Investment Deal

HC Semitek announced on Dec. 28, 2015 that the board of directors discussed with local government about large investment valuing RMB $5 billion (US $770 million) in the next three to five years. Due to the large investment amount and to ensure fairness of information disclosure, to protect the majority of investors and prevent abnormal fluctuation of stock value, the company will temporarily suspend trading for three days starting from December 29. The company will release further notice upon resuming trading.

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