Zhuhai Huafa Entity Industrial Investment Holdings Co., Ltd. signed a share transfer agreement to acquire 14.44% stake in HC SemiTek Corporation from Shanghai Canrong Industrial Co., Ltd., Jing Tian Capital I, Limited, Jing Tian Capital II, Limited and Kai Le Capital Limited for CNY 2.1 billion.
January 22, 2021
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Zhuhai Huafa Entity Industrial Investment Holdings Co., Ltd. signed a share transfer agreement to acquire 14.44% stake in HC SemiTek Corporation (SZSE:300323) from Shanghai Canrong Industrial Co., Ltd., Jing Tian Capital I, Limited, Jing Tian Capital II, Limited and Kai Le Capital Limited for CNY 2.1 billion on January 22, 2021. Zhuhai Huafa will acquire 9.14% stake from Jing Tian Capital I, 0.75% stake from Jing Tian Capital II, 2.94% stake from Kai Le Capital and 1.61% stake from Shanghai Canrong. Upon completion, Zhuhai Huafa's holdings will increase to 24.87% stake in HC SemiTek.
BOE HC SemiTek Corp, formerly HC SemiTek Corp, is a China-based company primarily engaged in the provision of light-emitting diode (LED) chips and advanced semiconductor solutions. The Company's main business is the research and development, production and sales of LED chips, LED epitaxial wafers, sapphire substrates and third-generation semiconductor compound gallium nitride (GaN) power electronic devices. The LED chip products are widely used in televisions, computers, mobile phones, indoor and outdoor displays, ultraviolet, infrared and other markets. The sapphire products are used in technology fields, precision machinery, optical communications, microelectronics, optoelectronics, and others. The GaN power electronic device products are used in consumer electronic terminal fast chargers, cloud computing big data server centers, communications and automotive applications and other fields.
Zhuhai Huafa Entity Industrial Investment Holdings Co., Ltd. signed a share transfer agreement to acquire 14.44% stake in HC SemiTek Corporation from Shanghai Canrong Industrial Co., Ltd., Jing Tian Capital I, Limited, Jing Tian Capital II, Limited and Kai Le Capital Limited for CNY 2.1 billion.