# 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.

- Type: Acquisition
- Announced: 2023-01-19
- Where: China
- Value: $1.14B (7.76B CNY)
- Status: announced
- Products: silicon wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TCL Zhonghuan](https://endata.com/companies/67961.md)
- [Zhonghuan Leading](https://endata.com/companies/67962.md) (acquirer)
- [Xinxin Semiconductor](https://endata.com/companies/67963.md) (target)

## Sources

- [fenq.com](https://fenq.com/tcl-central-holding-subsidiary-intends-to-acquire-xinxin-semiconductor-by-way-of-capital-increase-and-share-expansion/), 2023-01-19: "The newly increased registered capital of Zhonghuan Leading is 4.875 billion yuan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.