Toyou Feiji Electronics Subsidiaries to Sell Stakes in Shareholder of SSD Maker Memblaze

MT Newswires Live

Sep 04

Toyou Feiji Electronics' (SHE:300302) two subsidiaries will sell their entire stakes in Shanghai Fuxi Venture Capital Center to two entities for up to 66 million yuan, according to a Friday filing with the Shanghai bourse.

Hunan Tongyou Feiji Technology will sell its 80% stake, while Ningbo Meishan Bonded Port Area Tongyou Feiji Equity Investment will divest its 20% shareholding to Hangzhou Tengyue Enterprise Service and Beijing Xinju Tenghui Semiconductor Technology Partnership.

Shanghai Fuxi's core asset is its 0.55% stake in solid state drive maker Beijing Yiheng Chuangyuan Technology, also known as Memblaze.

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