Technology Nov 20, 2020 07:21 PM (GMT+8) · EqualOcean
Huahong semiconductor announced that today, Huahong Hongli, a wholly-owned subsidiary of the company, has entered into a joint venture agreement with Huahong group and Shanghai Huali. The content of the agreement is related to the proposal to establish a joint venture company. According to the joint venture agreement, Huahong Hongli agreed to contribute RMB 96 million in cash, accounting for 20% of the total investment of the joint venture company; Huahong group and Shanghai Huali agreed to contribute RMB 288 million and RMB 96 million respectively in cash, accounting for 60% and 20% of the total investment of the joint venture company. According to the joint venture agreement, the joint venture company will be engaged in investment, consulting and integrated circuit sales and services.

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