Chinese memory chip giant YMTC valued at US$22 billion after beverage firm deal
Previously undisclosed financial information, including a valuation of 161 billion yuan (US$22.1 billion) and losses incurred last year, have been revealed in a filing by a new investor in Yangtze Memory Technologies Co (YMTC), China’s leading flash memory chipmaker.Hebei Yangyuan Zhihui Beverage Co has paid 1.6 billion yuan (US$219 million) to subscribe to YMTC’s new registered capital, giving it a holding of 0.99 per cent, the beverage giant said in a filing to the Shanghai Stock Exchange on F...
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