ChipsDeal: RMB 1.58B (~US$235M)

Youa's RMB 1.58 billion purchase of power-chip firm Shangyangtong clears review, a department-store operator's pivot to semiconductors

Source: Voc.com.cn (Hunan Online); Thu, Nov 12, 2026

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Youa Shares' plan to buy 100% of Shenzhen Shangyangtong was cleared on 12 November at RMB 1.58 billion, of which RMB 506 million is cash and the rest new shares, with up to RMB 550 million of supporting funds. Local media note the price is well below the target's last post-money valuation of RMB 5.08 billion. Planning began in November 2024.

Read original ↗Source: Voc.com.cn (Hunan Online) · Opens the source in a new tab

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Youa's RMB 1.58 billion purchase of power-chip firm Shangyangtong clears review, a department-store operator's pivot to semiconductors

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