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CXMT Plans $4.3 Billion STAR Market IPO
ChangXin Memory Technologies (CXMT), China's largest DRAM producer, has started the issuance process for its STAR Market IPO. Subscriptions are scheduled for July 16. The company plans to raise RMB29.5 billion by issuing 6.69 billion shares, representing about 10% of its post-issuance share capital.
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