China carmaker BYD's chip unit IPO plan halted by regulatory woes

Probe into law firm handling deal comes as Beijing ramps up scrutiny on tech

CHENG TING-FANG and LAULY LI, Nikkei staff writers

TAIPEI -- Chinese electric car maker BYD's plan to list its semiconductor arm has been suspended due to a regulatory probe into the law firm advising the company on the deal, in the latest sign of Chinese authorities tightening their scrutiny of local tech companies and capital markets.

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