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China’s largest auto chip maker’s IPO efforts are suspended by government suppression

Chinese electric vehicle (EV) manufacturer BYD has a semiconductor unit called BYD Semiconductor, which plans to list on the Shenzhen Stock Exchange. BYD Semiconductor was originally prepared for an initial public offering (IPO), hoping to start public trading as soon as possible, but stopped the IPO due to government suppression of its business.

According to the latest report BBC News, Chinese company BYD Semiconductor is seeking to be listed on the Shenzhen Stock Exchange. However, due to some problems with the law firm preparing BYD Semiconductor to enter the public trading venue, a regulatory investigation is underway.

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