Zhonghuan Semiconductor's subsidiary to bring in capital from TCL Microchip Technology
2021-05-24 11:44:00 [Print]
Zhonghuan Semiconductor announced that, in orders to optimize business structure and boost development of semiconductor power device business, its wholly-owned subsidiary Tianjin Huanxin Technology Development Co
. , Ltd . planned to bring in capital of RMB567 million (USD88 . 13 million) from TCL Microchip Technology (Guangdong) Co . , Ltd . After the capital increase, TCL Microchip Technology will hold 55% shares of Tianjin Huanxin while Zhonghuan Semiconductor will hold 45% . As a result, Tianjin Huanxin will no longer be a subsidiary in the consolidation sector of Zhonghuan Semiconductor.