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.