Chongqing Bohong Huaipu Enterprise Management Partnership (Limited Partnership) completed the acquisition of Nantong Tongfang Semiconductor Co., Ltd. from Tsinghua Tongfang Co., Ltd.
January 11, 2017
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Chongqing Bohong Huaipu Enterprise Management Partnership (Limited Partnership) agreed to acquire Nantong Tongfang Semiconductor Co., Ltd. from Tsinghua Tongfang Co., Ltd (SHSE:600100) for CNY 1.2 billion on December 8, 2016. Chongqing Bohong Huaipu Enterprise Management Partnership (Limited Partnership) signed an equity transfer agreement to acquire Nantong Tongfang Semiconductor Co., Ltd. from Tsinghua Tongfang Co., Ltd (SHSE:600100) for CNY 1.2 billion on December 21, 2016. In a related transaction, Chongqing Bohong Huaipu Enterprise Management Partnership (Limited Partnership) signed an equity transfer agreement to acquire Shenzhen Tongfang Multimedia Technologies Co. Ltd. from Tsinghua Tongfang Co., Ltd for approximately CNY 250 million on December 21, 2016. Board of Directors of Tsinghua Tongfang Co., Ltd approved the transaction on December 8, 2016. As of December 26, 2016, the transaction was approved by the 5th special Shareholders' Meeting of 2016 of Tsinghua Tongfang Co., Ltd.
Chongqing Bohong Huaipu Enterprise Management Partnership (Limited Partnership) completed the acquisition of Nantong Tongfang Semiconductor Co., Ltd. from Tsinghua Tongfang Co., Ltd (SHSE:600100) on January 12, 2017.
Tsinghua Tongfang Co., Ltd. is a technology group organized around 3 areas of activity:
- information and communication technologies: development and integration of smart networking solutions and systems, development of data processing systems, high-end communication equipment, software publishing, computer manufacturing, consumer electronics manufacturing, etc. The group also develops industrial control systems, smart transport systems, home automation systems, and shipbuilding solutions;
- public safety: development of control and security solutions, urban management and monitoring systems, access control systems, smart cards, information security systems, satellite positioning systems, etc. ;
- energy and environment: development of energy efficiency solutions, district heating systems, residual heat recovery systems, urban lighting systems, waste and water management and treatment systems, etc.
China accounts for 65% of net sales.
TSINGHUA TONGFANG CO., LTD. 
