Connect with us

Hi, what are you looking for?

Press Release

Chinese Chipmaker UNISOC Completed Equity Restructuring and Will Get Listed at the End of 2020

black Android smartphone near ballpoint pen, tax withholding certificate on top of white folder

NEW YORK, NY / ACCESSWIRE / July 9, 2020 / Announced in May, Chinese chipmaker UNISOC has received increased capital of CNY 5 billion (around USD 715 million) and completed the equity restructuring. It is reported recently that the UNISOC IPO process on SEE STAR MARKET is steadily advancing and will get listed at the end of 2020. Based on the latest announcement of the Shanghai Stock Exchange, UNISOC completed the relevant registration formalities of change at the Industrial and Commercial Administration on June 8, with the registered capital increased from CNY 4.2 billion (USD 600 million) to CNY 4.62 billion (USD 660 million), and the equity structure also changed a lot.

The number of UNISOC shareholders increased from 7 to 31. Beijing Spreadtrum Investment is still the largest shareholder with the shareholding ratio of 38.55%, followed by the China National Integrated Circuit Industry Investment Fund, known as the Big Fund, and Intel (China), which account for 15.27% and 12.98% respectively.

According to an industry source commented, the new equity structure of UNISOC is more balanced and healthy after restructuring, which is more conducive to the long-term development of UNISOC.

Media Contact

Eric [email protected]

SOURCE: Chinastarmarket
View source version on accesswire.com: https://www.accesswire.com/596892/Chinese-Chipmaker-UNISOC-Completed-Equity-Restructuring-and-Will-Get-Listed-at-the-End-of-2020

MaxternMedia
Written By

MaxternMedia

Viral & Trending

You Might Also Like

Entrepreneurship

Speaking about the real estate market is more than interesting in today’s society. In the world of so much diversity, we must focus on...

Influencers

The COVID-19 outbreak pushed the entire world population into strange and  unexpected experiences. With an uncertainty that descended, people are forced to spend more...

Entrepreneurship

There are few millionaires who came from nothing and Kustas Kirsipuu is one of them. This self-made man proved himself while going through a...

Entrepreneurship

As a child, Stephen Campolo was overweight, even classified as “obese.” However at the age of 14, Campolo turned his life around. As he...

Advertisement join yolo

Copyright © 2020 Yolo Daily - The #1 Digital Magazine For Millennial News & Culture - A part of the Disrupt Magazine family of online podcasts & publications.