Shulou(Shulou.com)11/24 Report--

CTOnews.com news on December 30, the China Securities Regulatory Commission issued an announcement BYD and sponsor China International Capital Co., Ltd. submitted "BYD Semiconductor Co., Ltd. application document for withdrawal of initial public offering and listing on gem" and "application document of China International Capital Corporation for withdrawal of initial public offering and listing on gem of BYD Semiconductor Co., Ltd." (China Gold Certificate [2022] No. 0658) Voluntarily request to withdraw the registration application documents. In accordance with the provisions of Article 30 of the measures for the Registration of initial Public offerings on the growth Enterprise Market (for trial implementation), I will decide to terminate the registration procedure for the issuance of your company.

In November this year, BYD Co., Ltd. issued an announcement to terminate the spin-off of its subsidiary BYD Semiconductor Co., Ltd. to gem listing. When the conditions are ripe, the company will choose the opportunity to start the spin-off and listing of BYD semiconductors again.

CTOnews.com learned that BYD Semiconductor had hoped to raise 2.686 billion yuan through IPO to invest in the industrialization and upgrading of new power semiconductor chips, R & D and industrialization projects of power semiconductors and intelligent control devices, and supplementary liquidity.

According to the official website, BYD Semiconductor Co., Ltd. is an IDM enterprise, mainly engaged in power semiconductors, intelligent control IC, intelligent sensors, optoelectronic semiconductors, semiconductor manufacturing and services, covering the induction, processing and control of optical, electrical, magnetic and other signals, and its products are widely used in automotive, energy, industrial and consumer electronics fields. BYD Semiconductor is committed to becoming an efficient, intelligent and integrated new semiconductor supplier.

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