YMTC moves closer to Shanghai IPO
Chinese memory-chip manufacturer Yangtze Memory Technologies Co. Ltd. (YMTC) has completed its pre-IPO tutoring work, clearing a crucial hurdle to listing on Shanghai’s STAR Market. Information published Wednesday on the China Securities Regulatory Commission’s website showed that Citic Securities and China Securities acted as YMTC’s tutoring brokerages, responsible for conducting due diligence, performing financial audits, resolving pre-listing compliance issues and preparing listing materials.