Country Garden Ventures to Sell Stake in CXMT Amid Debt Woes

Thursday, 6 June 2024, 06:30

Country Garden Venture Capital, the investment arm of Country Garden, is considering the sale of its stake in CXMT, a DRAM maker, amidst declining sales and debt challenges. The move signifies Country Garden's strategic decision amidst the current economic landscape.

https://store.livarava.com/5d29a407-23ce-11ef-a40e-9d5fa15a64d8.jpg — Country Garden Ventures to Sell Stake in CXMT Amid Debt Woes

Country Garden Ventures Plans to Sell Stake in Chip Maker CXMT Amid Debt Struggles

Country Garden Venture Capital is looking to dispose of an undisclosed stake in the DRAM maker CXMT as part of addressing its debt struggles. The move comes as the company faces challenges from slumping sales.

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