FHEC's subsidiary plans to participate in the auction for 100% equity of Ningbo Yuchang
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FHEC announced that its holding subsidiary, FHEC Semiconductor, intends to participate in the auction for 100% equity of Ningbo Yuchang, with a transfer base price of 486 million yuan. If the auction is successful, Ningbo Yuchang will become a wholly-owned subsidiary of FHEC Semiconductor, included in the consolidated financial statements, and will save long-term rental expenses
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