BYD Semiconductor Lists on GEM of Shenzhen Stock Exchange


Source: pandaily.com pandaily.com

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BYD Co., Ltd. announced on Wednesday that it has implemented a plan to make its subsidiary BYD Semiconductor go public on the GEM of the Shenzhen Stock Exchange. BYD said that the plan still needs to meet a number of conditions before it goes through, including receiving approval from the Stock Exchange of Hong Kong Limited, passing a review conducted by the Shenzhen Stock Exchange and having its registration accepted by China Securities Regulatory Commission. Therefore, whether the plan will be given the go-ahead is unknown. In a release dated May 12, the plan shows that BYD Semiconductor was founded...