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Announced

Guodu Venture to acquire a 25% stake in New Sea Union for $129m.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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China

telecom software

Electronic Equipment: Other

Minority

Pending

led products

batteries

Acquisition

wireless communication equipment

Private Equity

Public

Single Bidder

Friendly

Synopsis

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Guodu Venture Capital, an investment vehicle is set to acquire a 25% stake in New Sea Union Technology Group, a manufacturer of diversified electronics equipments, for $129m. NSU’s largest existing shareholder will sell a total of 343m common shares to Guodu Venture. The aggregate value of the holding will come to $129m at $0.37 apiece.

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