Jinshi data, November 14 news, Minda Electronics announced that the company plans to use its own/self-raised funds to participate in the auction of 4.9180% equity of Guanxin Microelectronics held by Lishui Green Fund, with a starting price of 35.5 million RMB. If the transaction is successfully implemented, the company will hold 50.1% of Guanxin Microelectronics’ shares, and Guanxin Microelectronics will become a wholly-owned subsidiary of the company and be included in the company’s consolidated financial statements. Guanxin Microelectronics’ main business is high-end characteristic process semiconductor wafer foundry, which is currently in the stage of rapid production ramp-up, and its production and sales volume is rapidly increasing. If the transaction is successfully completed, it will help the company enhance its core competitiveness and enter a broader growth track in power semiconductor.
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