UNISOC Completes Equity Restructuring, Promotes IPO Process

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

Jul 13, 2020 18:00 JST

Source: UNISOC Technologies Co., Ltd.

UNISOC Completes Equity Restructuring, Promotes IPO Process

SHANGHAI, Jul 13, 2020 - (ACN Newswire) - As announced on May 12, Chinese fabless semiconductor company UNISOC increased capital by CNY 5 billion (USD 715 million) to complete its equity restructuring. The IPO process is now on track for a 2021 listing on the SSE STAR Market, Shanghai's recent NASDAQ-style Science and Technology board, by the restructured company valued at CNY 55 billion (USD 7.86 billion).

Based on Shanghai Stock Exchange (SSE) announcements, UNISOC completed the relevant registration on June 8 including the formalities of a capital increase of CNY 4.2 billion (USD 600 million) to CNY 4.62 billion (USD 660 million) and the substantially altered equity structure. The listing entity will be UNISOC Communications (Shanghai) Technology Co., Ltd.

UNISOC shareholders have increased from 7 to 31, including 17 investment funds (limited partnerships) accounting for 70% of new shareholdings. Beijing Spreadtrum Investment remains the largest shareholder with 38.55% (57.14% pre-restructuring), followed by China National IC Industry Investment Fund (CICIIF or 'Big Fund') with 15.27%, and Intel (China) with 12.98%. Shanghai IC Industry Investment Fund and China National Fund II follow jointly in fourth, with each holding 4.09%.

"This equity reorganization is conducive to optimizing equity structure and enhancing financial strength," said UNISOC previously. "The capital increase will be used for R&D in advanced technologies for 5G, IoT, AI and other fields, which will further strengthen technological competitiveness, and promote UNISOC's stable long-term development."

Source: UNISOC Technologies Co., Ltd.
Sectors: Electronics

Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Release

Honda Motor Co, Ltd

Honda Opens "Honda Software Studio Osaka" as New Software Development Operation
Jun 26, 2025 13:30 JST

Honda Motor Co, Ltd

Honda Issues "Honda ESG Report 2025"
Jun 26, 2025 13:29 JST

Fujitsu's Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI
Jun 26, 2025 11:00 JST

Mitsubishi Heavy Industries, Ltd.

MHI Receives Contract for Refurbishment of APM System at Singapore Changi Airport
Jun 25, 2025 14:00 JST

Anime Tokyo Station

Special Summer Event "Tanabata Festival at Anime Tokyo Station" Feature a Public Recording of a Chat and Dramatic Reading by Voice Actors Miina Tominaga and Wataru Takagi on July 7
Jun 25, 2025 11:00 JST

Technica Zen

Technica Zen and BSI Professional Services Japan Launch Customizable Training to Strengthen AI Governance in Japanese Companies
Jun 25, 2025 10:00 JST

NEC Corporation

Executive Appointments in Connection with the Establishment of NESIC Holdings
Jun 23, 2025 19:22 JST

Hua Medicine

Hua Medicine Announces at 2025 ADA Scientific Sessions that Dorzagliatin Combined with DPP-4 Inhibitor Shows Promise in Reducing Blood Lipids While Restoring Glucose Homeostasis
Jun 23, 2025 13:05 JST

CanSino Biologics Inc

CanSinoBIO Launches Pneumococcal Vaccine: An Innovative Choice to Safeguard Children's Health
Jun 20, 2025 19:06 JST

Sharp Corporation

Sharp Launches A2 Size ePoster Color Electronic Paper Display
Jun 19, 2025 12:08 JST

Fujitsu unveils AI-powered presentation technology, enabling automated multilingual and customizable presentations
Jun 19, 2025 10:25 JST

ULVAC, Inc.

ULVAC Continues Participation in "Lab-in-Fab" Project to Advance Piezoelectric MEMS Technology, Now Entering a New Phase
Jun 19, 2025 09:30 JST

NEC Corporation

NEC and Chugai Pharmaceutical use AI to potentially enhance cancer treatment
Jun 18, 2025 13:40 JST

Fujitsu awarded contract to design next-generation flagship supercomputer FugakuNEXT
Jun 18, 2025 11:35 JST

Honda Motor Co, Ltd

Honda Celebrates 60th Anniversary of First F1 Victory with Special Events Program
Jun 17, 2025 17:45 JST

Mitsubishi Heavy Industries, Ltd.

MHI Receives Order to Supply 5 Models of Pumps, a Total of 34 Units, for Sizewell C Unit 1 and 2 in the UK from Trillium Flow Technologies
Jun 17, 2025 17:10 JST

Honda Motor Co, Ltd

Honda Teams to Compete in 2025 FIM Endurance World Championship "Coca-Cola" Suzuka 8 Hours Endurance Road Race 46th Tournament
Jun 16, 2025 16:37 JST

Fujitsu unveils Millimeter-Wave Monitoring System for enhanced safety and privacy in care facilities
Jun 16, 2025 16:20 JST

Tat Hong Equipment Service Co., Ltd

Tat Hong Equipment Service Co., Ltd. Announces 2024/25 Annual Results
Jun 13, 2025 22:49 JST

Yee Hop Holdings Limited

Yee Hop Holdings (1662.HK) Subsidiary APEL Launches Microfactory in Collaboration with HKPC
Jun 13, 2025 21:38 JST

More Latest Release >>