BYD Semiconductor to increase capital and shares to attract war investment to make full use of industrial resources

Published: Jun 16, 2020 08:22

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On the evening of June 15, 002594.SZ announced that the company's holding subsidiary BYD Semiconductor has introduced a number of strategic investors in the way of capital increase and share expansion.

SMM6: on the evening of June 15, BYD announced that its holding subsidiary BYD Semiconductor has introduced a number of strategic investors by way of capital increase and share expansion, including 30 strategic investors, including Hubei Xiaomi Yangtze River Industrial Fund Partnership, Hubei Lenovo Yangtze River Science and Technology Industrial Fund Partnership, Shenzhen country Garden Innovation Investment Co., Ltd., according to the pre-investment valuation of the target company, It is proposed to increase the capital of BYD Semiconductor by a total of 800 million yuan, and this round of investors will acquire a 7.84% stake in BYD Semiconductor after the capital increase and share expansion.

BYD said it plans to continue to introduce strategic investors such as South Korean SK Group, Xiaomi Group, China Silver International and Lenovo Group in the future. BYD Semiconductor will actively carry out technical and business exchanges with this round of investors, make full use of the industrial resources mastered by strategic investors, and strengthen the third-party customer expansion and cooperative project reserve of BYD Semiconductor. At the same time, BYD Semiconductor's current round of capital increase and share expansion will also help to expand its capital strength, achieve capacity expansion, accelerate business development, and strengthen its talent competitive advantage and product research and development capabilities in an all-round way.

Earlier, BYD said in response to questions from investors that under the strategic layout of the company's market-oriented development, BYD Semiconductor, as China's largest IGBT manufacturer of automobile regulations, successfully introduced Sequoia Capital China Fund, CICC Capital, CIC Innovation and other well-known investment institutions in only 42 days, taking the first step in the strategic layout of BYD marketization.

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