Changjiang Storage sells 39% equity of Wuhan Xinxi to Mindray.
According to a report released by the Chongqing Market Supervision Bureau, Wuhan Optoelectronics Valley Semiconductor Industry Investment Co., Ltd., Wuhan Optoelectronics New Sailing Investment Partnership Enterprise, Yangtze Storage Holdings Co., Ltd., and Wuhan New Core Integrated Circuit Co., Ltd. have signed an agreement. Optoelectronics Valley Semiconductor Industry Investment Co. intends to acquire 39% of Wuhan New Core's equity held by Yangtze Storage Holdings. After the transaction, Optoelectronics Valley Semiconductor Industry Investment Co. will directly or indirectly control 47.8846% of Wuhan New Core's equity and exclusively control Wuhan New Core. Previously, Wuhan New Core voluntarily withdrew its application for listing on the STAR Market on May 19, and the listing review was terminated.
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