Wuxi Taiji Industry (SHA:600667) subsidiary Haitai Semiconductor intends to sell up to $80 million in accounts receivables to CCB Taihu New City Branch.
The total amount of the buyout service fee is expected to be about $332,000, with the final total amount subject to actual settlement, according to a Dec. 21 filing with the Shanghai bourse.
The above are accounts receivable of SK Hynix (KRX:000660) that Haitai Semiconductor expects to generate in November and December.
Shares of the semiconductor company were down 5% in recent trade.
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