The Wuhan-based memory chip maker plans to issue new shares equal to 10% to 12% of its post-offering capital, with proceeds earmarked for production upgrades

The move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai's Nasdaq-style STAR Market, that would rank among the market's biggest-ever offerings,…

CCSH plans STAR Market listing after rising to the world's No. 3 NAND maker