Ingenic Semiconductor Co., Ltd cancelled the acquisition of an unknown additional stake in SuperPix Micro Technology Co., Ltd. and Beijing Superpix Micro Technology Co., Ltd. from DDS, Inc..
April 05, 2017
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Ingenic Semiconductor Co., Ltd. signed a basic agreement to acquire an unknown additional stake in SuperPix Micro Technology Co., Ltd. and Beijing Superpix Micro Technology Co., Ltd. from DDS, Inc. (TSE:3782) for CNY 660 million on December 2, 2016. As a result of the transaction, Ingenic Semiconductor Co. will lift its stake in SuperPix to 94.29%. Ingenic will raise not more than CNY 2.16 billion from its controlling shareholder Liu Qiang, the employee stock ownership plan, and other three investors to fund all the acquisitions. The acquisition and the purchase price of Beijing Superpix Micro Technology will need the approval of the China Securities Regulatory Commission.
Ingenic Semiconductor Co., Ltd cancelled the acquisition of an unknown additional stake in SuperPix Micro Technology Co., Ltd. and Beijing Superpix Micro Technology Co., Ltd. from DDS, Inc. (TSE:3782) on April 6, 2017.
Ingenic Semiconductor Co.,Ltd. is a China-based company principally engaged in the research, development and distribution of microprocessor chips, intelligent video chips and integrated solutions. The Company primarily provides central processing unit (CPU) chip products, software platforms and integrated solutions. The Company's products are mainly applied in intelligent home, intelligent videos, intelligent wearable devices and biological recognition industries, among others. The Company operates its businesses mainly in domestic market.
Ingenic Semiconductor Co., Ltd cancelled the acquisition of an unknown additional stake in SuperPix Micro Technology Co., Ltd. and Beijing Superpix Micro Technology Co., Ltd. from DDS, Inc..