Tsinghua Unigroup: Wholly-owned subsidiary and related parties jointly invest 300 million yuan in establishing a new company.
Fujian Jinhua Integrated Circuit Co., Ltd. announced that at the 35th meeting of the eighth board of directors, it was approved to establish Ziguang Tongxin Technology with a total investment of 300 million yuan together with five related parties including Zhicheng Gaoyuan and non-related parties. Ziguang Tongxin will subscribe for 153 million yuan, holding 51% of the shares. Ziguang Tongxin Technology will engage in the research, development, and sales of domain controller chips for automobiles. After establishment, it will acquire the related business assets of Ziguang Tongxin at an assessed price of 193 million yuan, with an assessed appreciation rate of 3,723.15%. As some of the transaction parties have a related relationship with the company, this investment constitutes a related party transaction.
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