Search
Subsidiary of Montage Technology Offloads Equity Share, Anticipates Over US$58 Million in Profit
2 day ago /
Read about 0 minute
Author：小编
On January 7, Montage Technology made a public announcement stating that its wholly-owned subsidiary, Montage Cayman, has entered into an agreement to divest its 13.075% equity interest in XConn Company to a company listed on the U.S. NASDAQ stock exchange. Upon the completion of this transaction, Montage Cayman will completely relinquish its stake in XConn Company, ceasing to hold any equity shares. The transaction's total consideration is pegged at US$540 million, though the precise amount is open to adjustment based on certain conditions. Montage Cayman anticipates receiving a consideration amount that falls within the range of US$58 million to US$65 million, marking a significant financial gain from this strategic move.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
