China Resources' microelectronics arm raises $614m in STAR Market IPO

China Resources' microelectronics arm raises $614m in STAR Market IPO

Photo by Alexandre Debiève on Unsplash

China Resources Microelectronics Limited (CR Micro), an affiliate of state-owned conglomerate China Resources, has raised over 4.31 billion yuan ($614 million) in an initial public offering (IPO) on the Nasdaq-style STAR Market on Thursday.

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