United Nova Raises Joint Venture's Capital By 2.13 Billion Yuan
MT Newswires Live
Sep 22
United Nova Technology (SHA:688469) raised the capital of its joint venture, Xinlian Advanced Integrated Circuit Manufacturing (Shaoxing), according to a Shanghai bourse filing on Tuesday.
The company subscribed for 2.13 billion yuan worth of capital in Xinlian Advanced, holding 25.1% of its capital. Other joint venture partners also participated in the capital increase.
Xinlian Advanced manages the Phase IV construction of a production line that will produce 12-inch analog and digital mixed-signal integrated circuits.
The Chinese semiconductor company's shares rose 2% in midday trade.
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