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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Technology Semiconductors
Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Intchains Group Ltd > 5% Reporting Rule
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Post by wwadehammeron May 22, 2017 10:56am
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Post# 26270180

5% Reporting Rule

5% Reporting Rule

Acquisitions During a Take-over Bid by Persons other than Offeror

If, after a “formal bid” has been made as described under “Formal Take-over Bid Requirements” and before the expiry of the bid, an Offeror (other than the Offeror making the bid), acquires control or direction over, or beneficial ownership of, securities of the class subject to the bid that, together with the Offeror’s securities and the securities of Joint Actors of the Offeror, constitute 5% or more of the outstanding securities of that class, the Offeror must, prior to the opening of trading on the next business day, issue and file a news release. If the person issuing the news release or any Joint Actor acquires an additional 2% of more of the class, such person must also issue and file a further press release before the opening of trading on the next business day. 


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