Dagang Shares to Transfer 16% Stake in Suzhou Keyang for 200 Million Yuan

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Dagang Shares announced that its wholly-owned subsidiary Keli Semiconductor will transfer a 16% stake in its associate company Suzhou Keyang through public listing. A consortium formed by the Shanghai Semiconductor Materials Fund Phase II and the Beijing Xiaomi Smart Manufacturing Fund acquired the stake at the listing floor price of 200 million yuan, with each party taking an 8% stake. After the transaction, Keli Semiconductor will still hold a 12.56% stake in Suzhou Keyang.

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Jiangsu Dagang Co Ltd
002077
± MixedCapitalrelevance

Dagang's subsidiary Keli Semiconductor is selling a 16% stake in Suzhou Keyang for 200 million yuan, a divestment of an associate holding.

Off-coverage companies 3

苏州科阳半导体有限公司i
Private± MixedCapitalrelevance

Suzhou Keyang sees a 16% stake transferred to a consortium of two funds, leaving Keli Semiconductor with 12.56%.

Beijing Xiaomi Zhizao Fundi
Private± MixedCapitalrelevance

Beijing Xiaomi Smart Manufacturing Fund acquires an 8% stake in Suzhou Keyang at the listing floor price.

Shanghai Semiconductor Materials Fund IIi
Private± MixedCapitalrelevance

Shanghai Semiconductor Materials Fund Phase II acquires an 8% stake in Suzhou Keyang at the 200 million yuan listing floor price.