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Yangtze Memory Technologies Co., Ltd.'s Transfer of Controlling Stake in XMC Receives Unconditional Approval
22 hour ago /
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Author：小编
On July 14, the official website of the Chongqing Municipal Administration for Market Regulation disclosed that the acquisition of equity in XMC (Wuhan Xinxin Semiconductor Manufacturing Corporation) by Wuhan Optics Valley Semiconductor Industry Investment Co., Ltd. has received unconditional approval. Prior to the transaction, Yangtze Memory Technologies Co., Ltd. held approximately 68.19% of the equity in XMC, solely controlling the company. Following the transaction, Optics Valley Semiconductor Industry Investment and its concerted parties will collectively control approximately 47.88% of the equity in XMC, becoming the new sole controlling party.
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