BYD Semiconductor IPO release Registration Program suspended

According to the news on October 1, the information disclosure of the Shenzhen Stock Exchange shows that BYD Semiconductor Co., Ltd. needs to be supplemented because the financial information recorded in the IPO registration application document has expired, and its issuance registration procedure has been suspended in accordance with the relevant provisions of Article 29 of the measures for the Registration of initial Public offerings on the growth Enterprise Market (for trial implementation).

In June last year, BYD Semiconductor Co., Ltd. formally submitted its listing application to the Shenzhen Stock Exchange and was accepted. According to the prospectus, BYD Semiconductor's main business includes the R & D, production and sales of power semiconductors, intelligent control IC, intelligent sensors and optoelectronic semiconductors, with three subsidiaries of Ningbo Semiconductor, Energy Saving Technology and Changsha Semiconductor.

BYD Semiconductor is 72.3% controlled by BYD. Sequoia, Advanced Manufacturing Fund and Xiaomi Industry Fund are all shareholders in the top 10 shares of BYD Semiconductor.

This time, IPO BYD Semiconductor plans to raise 2.7 billion yuan, which will be used in the R & D and industrialization project of power semiconductors and intelligent control devices, and 2.1 billion yuan will be invested in the industrialization and upgrading project of new power semiconductor chips. 300 million yuan will be invested and raised, and 300 million yuan will be replenished.