TCL Central subsidiary to acquire Xinxin Semiconductor via capital increase

TCL Zhonghuan announced that its holding subsidiary Zhonghuan Leading will acquire 100% of Xinxin Semiconductor's equity by increasing registered capital by 4.875 billion yuan, with the transaction consideration being 7.757 billion yuan. Xinxin Semiconductor shareholders will hold 32.5% of Zhonghuan Leading post-transaction.

“The newly increased registered capital of Zhonghuan Leading is 4.875 billion yuan.”fenq.com

• 1 source
• fenq.comTCL Central: Holding subsidiary intends to acquire Xinxin Semiconductor by way of capital increase and share expansion – FENQJan 19, 2023

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