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Bright Power Semiconductor has declared its utilization of proprietary funds to engage in the strategic allocation of shares during the initial public offering (IPO) of Guangdong Xinyuan Semiconductor, with a commitment not exceeding RMB 50 million. As per the IPO announcement, Guangdong Xinyuan Semiconductor has set its share price at RMB 12.01 each. Bright Power Semiconductor has successfully been allocated 4.1632 million shares, equating to an investment of roughly RMB 50 million, which represents 0.14% of Guangdong Xinyuan Semiconductor's total share capital post-issuance. This strategic investment is geared towards fortifying the collaborative ties between the two entities and bolstering Bright Power Semiconductor's core competitive edge.
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