BYD will accelerate spin-off listing of BYD Semiconductor

BYD disclosed that under the strategic layout of the company’s market-oriented development, BYD Semiconductor successfully introduced Sequoia Capital China Fund, CICC Capital, SDIC Innovation and other well-known investment institutions in just 42 days.

BYD disclosed that under the strategic layout of the company’s market-oriented development, BYD Semiconductor successfully introduced Sequoia Capital China Fund, China Capital Investment Group, SDIC Innovation and other well-known investment institutions in just 42 days.

This is the first step in BYD’s market-oriented strategic layout.

A few days ago, BYD Semiconductor, as China’s largest automotive-grade IGBT manufacturer, introduced investment of 1.9 billion yuan. Its valuation is nearly 10 billion yuan.

In the subsequent stage, the company will accelerate the spin-off listing of BYD Semiconductor.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/15/byd-will-accelerate-spin-off-listing-of-byd-semiconductor/.

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