Tue 03/23/2021 05:27 AM
Tsinghua Unigroup has been contemplating selling part or all of its roughly 39% indirectly held stake in subsidiary Unisoc (Shanghai) Technologies Co., according to four sources familiar with the matter.
A state-owned enterprise backed by the Shanghai municipal government has been in talks with Unigroup as a potential purchaser, though the parties have yet to sign any definitive agreement, according to two of the sources.
Although it remains unclear whether the disposal will materialize,
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2021 Reorg Research, Inc. All rights reserved.