China's BYD Plans To Spin Off And List Semiconductor Unit – China Money Network
Total5 On the evening of May 11, 2021, BYD Co., Ltd. (002594.SZ) announced that the board of directors passed a resolution that the company intends to spin off its subsidiary BYD Semiconductor and to list it on the Shenzhen Stock Exchange’s Growth Enterprise Market. After the spin-off is completed, BYD will still maintain control of BYD Semiconductor, and BYD Semiconductor will remain a subsidiary within the scope of BYD’s consolidated statements. BYD Semiconductor will focus on automotive-grade semiconductors and simultaneously promote the development of semiconductor business in the aut...
Source: chinamoneynetwork.com