Apex Microelectronics Co., Ltd (Apexmic), a wholly-owned subsidiary of Shenzhen-listed Ninestar Corporation that offers printing and imaging services, has received a 3.2 billion yuan ($488 million) strategic investment led by state-owned China Integrated Circuit Industry Investment Fund (ICF) II, according to a company filing with The Stock Exchange of Shenzhen on December 8.
Besides ICF II, Apexmic has roped in 12 investors for the deal including Gree Electric Appliance’s investment arm Zhuhai Gree Financial Investment Management, Goldstone Investment, Hengqin Financial Investment, and others.
