Announced
Financials
Sources
Tags
China
telecom software
Electronic Equipment: Other
Minority
Pending
led products
batteries
Acquisition
wireless communication equipment
Private Equity
Public
Single Bidder
Friendly
Synopsis
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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