Filing: China’s leading flash memory chipmaker YMTC raised ~$219M from Hebei Yangyuan Zhihui Beverage Co. at a ~$22.1B valuation in December 2023 (Coco Feng/South China Morning Post)

Coco Feng / South China Morning Post:
Filing: China's leading flash memory chipmaker YMTC raised ~$219M from Hebei Yangyuan Zhihui Beverage Co. at a ~$22.1B valuation in December 2023  —  The deal was signed in December 2023 but was only announced on Friday as it ‘involved commercial secrets’, Yangyuan said