SDIC-backed semiconductor firm Li-On eyes $292m in Shanghai IPO

SDIC-backed semiconductor firm Li-On eyes $292m in Shanghai IPO

Chinese semiconductor chip supplier Hangzhou Li-On Microelectronics Co., Ltd, formerly known as Hangzhou Li-On Electronics, has kicked off its IPO subscription exercise as it seeks to raise as much as 1.997 billion yuan ($292 million) on the Main Board of the Shanghai Stock Exchange (SSE).