Search
Huaqin Technology has declared that its fully-owned subsidiary, Hefei Qinhe, plans to purchase a 5% equity stake in Nexchip Integration, which is currently held by Powerchip Venture Capital. The acquisition will be carried out through a cash agreement at a price of 26.41 yuan per share, amounting to a total investment of approximately 2.651 billion yuan. Once the transaction is finalized, Huaqin Technology and its subsidiaries will jointly possess an 11% equity stake in Nexchip Integration. The primary objective of this transaction is to foster deeper integration and enhance resource synergy along the industrial chain. The funds required for this acquisition will be sourced from the company's internal reserves. Furthermore, this transaction does not qualify as a related-party transaction or a significant asset restructuring.
-
C114 Communication Network -
Communication Home
