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Hesheng New Materials: Plans to invest 250 million yuan to increase its stake in Yizhi Electronics to 10%.
On June 11, Hesheng New Materials announced that the company intends to increase its capital to Yizhi Electronics with its own funds or self-raised funds of 250 million yuan, and the overall valuation before investment is tentatively estimated at 2.25 billion yuan, and it is expected to hold 10% of the equity of Yizhi Electronics after the capital increase. Yizhi Electronics’ main business is R&D, design and sales of high-end processors used in computing and storage devices such as servers and workstations, and has advanced processor architectures and products used in multiple industries.