Chinese car and battery maker BYD owns 72.3 per cent of its chip-making unit BYD Semiconductor. Photo: LightRocket via Getty Images
Chinese car and battery maker BYD owns 72.3 per cent of its chip-making unit BYD Semiconductor. Photo: LightRocket via Getty Images
IPO

BYD suspends US$414 million IPO plan of semiconductor unit amid investigation into law firm advising on the deal

  • Shenzhen Stock Exchange suspended reviewing BYD Semiconductor’s IPO application on August 18
  • BYD’s chip-making unit may need to replace the law firm which in turn has three months to complete the due diligence

Chinese car and battery maker BYD owns 72.3 per cent of its chip-making unit BYD Semiconductor. Photo: LightRocket via Getty Images
Chinese car and battery maker BYD owns 72.3 per cent of its chip-making unit BYD Semiconductor. Photo: LightRocket via Getty Images
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