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.

Source: 36氪