GigaDevice has addressed recent abnormal stock fluctuations, noting a significant price increase of over 20% across three consecutive trading days. The company clarified that its association with ChangXin Memory Technologies Inc. (CXMT) is limited, holding only 1.8% of CXMT's total share capital. This minor stake means GigaDevice cannot significantly influence CXMT's operations. The investment is categorized under "Other Equity Instruments Investment," and changes in CXMT's market value due to its IPO will not affect GigaDevice's net profit.
GigaDevice Clarifies Limited Stake in ChangXin Memory Technologies
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