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.