Jawaher intends to collaborate with two additional firms to invest a total of RMB 418 million in acquiring a shareholding in Newport Coast. Upon successful conclusion of this transaction, Jawaher will own 35.3677% of Newport Coast's shares and appoint a representative to the company's board. Newport Coast, a pioneer in high-speed digital-analog mixed IC design, boasts core clock chip technology with products that are integral to communication infrastructure, laptops, and various other sectors. Nevertheless, post-transaction, Newport Coast will remain excluded from Jawaher's consolidated financial statements.
