Flash News
Eastchip shares: proposed $682 million over-financing for chip development
The East Chip joint interest announcement, in which the company ' s board of directors deliberated and passed a bill to implement the IFAC integration chip development project with over-funds of $682 million for approximately 42 months of project construction, located in the Qingura district of Shanghai. This investment does not constitute a related transaction and a major asset reorganization, and the matter remains to be considered by the shareholders of the company. As at 30 June 2026, the company had an unexpended excess fund balance of $949 million (including interest, etc., unaudited)。
