Chinese market regulators okay IPO of chip unit of automaker BYD

Chinese market regulators okay IPO of chip unit of automaker BYD

BYD, China's biggest carmaker by market valuation, is looking to list its chipmaking arm in Shenzhen. © Getty Images

Market regulators for China’s Shenzhen-based ChiNext board announced late on Wednesday the approval of the pending initial public offering (IPO) of the semiconductor unit of Chinese automaker BYD Co Ltd.

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