Source: Tech – South China Morning PostCXMT, the parent of Chinese semiconductor firm ChangXin Memory Technologies, has initiated its initial public offering (IPO) process on the mainland, as it seeks funding to bolster growth amid an upswing in the global market for memory chips.
CXMT has completed IPO counselling recordation – the formal filing of pre-listing guidance – with the China Securities Regulatory Commission (CSRC), according to a statement on the securities watchdog’s website on Monday.
The step is a prerequisite for…Read More