The commission said the officials had been punished by provincial authorities, while 10 staff members from the enterprise were put under criminal investigation.
The company has consolidated its semiconductor business by reshuffling subsidiaries, including one that paid about 18 billion yuan (.6 billion) to buy Linxens, a French smart chip components maker.
The commission said in a statement that it urged financial institutions to take advantage of the favorable conditions, such as abundant liquidity and declining financing costs, to better help the real economy.
The company and its underwriters will confirm the IPO date and publish its prospectus following discussions with the stock exchange.
The company announced the change this morning, in advance of its annual shareholders’ meeting Thursday morning in Seattle.
The company attributed the huge rise to higher coal prices.
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The companies said they plan to work together in the core, high-end and fundamental technology fields.
The company delivered the news to investors overnight, saying that the loss in the Nook segment will be greater for its current fiscal year (ending in April) than the 2 million loss recorded by the Nook business a year ago.
The company and Matkovic owe their good fortune not only to the intervention of one of China's largest iron and steel manufacturers, HBIS of Hebei, but also to the overarching influence of the Belt and Road Initiative.
The company has not yet disclosed the size of the new land, or revealed the expected opening date.