Datang Investment Holding Development Co., Ltd. completed the acquisition of 56.3752% stake in Datang Semiconductor Design Co. Ltd. from Datang Telecom Technology Co., Ltd.
April 29, 2024
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Datang Investment Holding Development (Shanghai) Co., Ltd. signed an agreement to acquire 56.3752% stake in Datang Semiconductor Design Co. Ltd. from Datang Telecom Technology Co., Ltd. (SHSE:600198) for CNY 1.6 billion on October 10, 2023. Datang Semiconductor Design reported total assets of CNY 3,517,178,900 and Owners? equity of CNY 2,545,687,200 as at May 2023. The transaction have been approved by board of Datang Telecom Technology. As on November 10, 2023, the transaction is approved by shareholders of Datang Telecom Technology Co., Ltd.
Datang Investment Holding Development (Shanghai) Co., Ltd. completed the acquisition of 56.3752% stake in Datang Semiconductor Design Co. Ltd. from Datang Telecom Technology Co., Ltd. (SHSE:600198) on April 30, 2024.
DATANG TELECOM TECHNOLOGY CO., LTD is a China-based company principally engaged in integrated circuit design, terminal design, software and applications, as well as mobile Internet business. The Company mainly provides mobile terminal chips and solutions, integrated communication chips and solutions, security chips and solutions, automotive electronics and industrial chips, data terminals and industry terminals, smart city products and solutions and industry information products and solutions. The Company distributes its products mainly within domestic market.
Datang Investment Holding Development Co., Ltd. completed the acquisition of 56.3752% stake in Datang Semiconductor Design Co. Ltd. from Datang Telecom Technology Co., Ltd.