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744 million yuan, the national large fund transferred 27.23% equity of Huatian Technology Holdings subsidiary

Posted by: Yoyokuo 2022-06-16 Comments Off on 744 million yuan, the national large fund transferred 27.23% equity of Huatian Technology Holdings subsidiary

On July 8, Huatian Technology announced that it had completed the transfer of a 27.23% stake in Huatian Technology (Xi’an) Co., Ltd. (hereinafter referred to as “Huatian Xi’an”).

According to reports, the board of directors of Huatian Technology reviewed and approved the “Proposal on the Transfer of 27.23% of Huatian Technology (Xi’an) Co., Ltd. held by National Integrated Circuit Industry Investment Fund Co., Ltd.”. Agreed to transfer 27.23% equity of Huatian Xi’an held by National Integrated Circuit Industry Investment Fund Co., Ltd. (hereinafter referred to as “National Large Fund Phase I”) for 744 million yuan.

  744 million yuan, the national large fund transferred 27.23% equity of Huatian Technology Holdings subsidiary

△Source: Huatian Technology Announcement

At present, Huatian Xi’an has completed the industrial and commercial change registration procedures for the above-mentioned equity transfer and obtained the changed business license.

According to the official website information, Huatian Xi’an is an integrated circuit packaging and testing enterprise invested and established by Huatian Technology in 2008 with a registered capital of 1.54 billion yuan. It is committed to the research and development of high-end integrated circuit packaging technology and the development of CSP packaging technology. The capacity of 2.3 billion TSSOP, QFN, DFN, BGA, FLIPCHIP and other series of integrated circuits and the monthly production capacity of 10,000 pieces of CP test production.

At the end of 2015, the first phase of the National Fund increased the capital of Huatian Xi’an. The announcement shows that before the transfer, Huatian Technology invested 1.12 billion yuan in Huatian Xi’an, holding 72.77% of the shares. It is the controlling shareholder of Huatian Xi’an, and the first phase of the national fund injected about 420 million into Huatian Xi’an. Yuan, holding 27.23% of the shares, is the second largest shareholder.

  

△Source: Huatian Technology Announcement

After the completion of the equity transfer, Huatian Technology will once again hold 100% equity of Huatian Xi’an, and Huatian Xi’an will once again become a wholly-owned subsidiary of Huatian Technology.

Huatian Technology said that through the rapid development of Huatian Xi’an in recent years, its packaging technology level and packaging industry scale have been rapidly improved. In the future, with the further development of Huatian Xi’an, it will effectively expand the industrial scale of the company’s high-end packaging business, optimize the product structure, and improve the company’s core competitiveness and profitability, which has important strategic significance for the company’s long-term development. (Text/Organized by Global semiconductor Observation)

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